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$289K
$55,661
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$300,000
Medium
$275,000
Low
$250,000
Confidence
Medium
Discover 1 Second Street, Bute—an enchanting double brick home brimming with character and potential. Set on a spacious 1104sqm corner block, enjoy beautifully maintained gardens. This charming residence features 3 bedrooms, a main with a ceiling fan, a lounge with a split system air conditioner, a dining room with a ceiling fan, and a functional kitchen with a secondary dining area. Experience year-round comfort with ducted evaporative air conditioning. Outside, a large undercover entertaining area, a 36x30 shed with cement floor and power, three rainwater tanks, and well-established gardens complete this vintage gem.
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Agriculture, Forestry and Fishing - 39.0%
Health Care and Social Assistance - 17.0%
Education and Training - 7.0%
Accommodation and Food Services - 6.0%
Others - 31.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
86.4%
$220K
5.9%
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-$3,808
6.4%
Asking Price
$289,000
Estimated Purchase Price
$310,000
Stamp Duty
$11,830
Transfer Fee
$2,819
Conveyancing
$1,226
Deposit (10%)
$31,000
Reg. Mortgage
$187
LMI Premium
$5,348
Renovation Costs
-
Total Cash/Equity Required
$52,960
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,743
$2,274
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$12,974
$19,091
Interest Repayments
$18,414
$18,414
Net Cashflow Before Tax
-$5,440
$677
Depreciation
-
-
Tax Offset
-$1,632
$203
Net Cashflow After Tax
-$3,808
$474
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$293,700
$530,940
Loan Balance
I.O
$279,000
$279,000
$14,700
$251,940
