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Withheld
$1,776
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
High
This property features a historic red brick building situated on a 1005m2 allotment, perfect for renovation into a shop frontage. Adding flexibility and potential, a 34-bedroom transportable home lies at the rear, complete with an eat-in kitchen. Accessible double gates on either side enhance the property's functionality. The seller is open to leasing back the property for 12 months, providing potential buyers with additional financial opportunities.
Trusted by over 13k property buyers and counting...
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0%
84.4%
-
-
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Try Picki for FREE$25,000
-$5,396
5.9%
Asking Price
-
Estimated Purchase Price
$425,000
Stamp Duty
$17,580
Transfer Fee
$3,971
Conveyancing
$1,226
Deposit (10%)
$42,500
Reg. Mortgage
$187
LMI Premium
$9,486
Renovation Costs
-
Total Cash/Equity Required
$75,500
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$1,981
$2,585
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
$17,536
$25,612
Interest Repayments
$25,245
$25,245
Net Cashflow Before Tax
-$7,709
$367
Depreciation
-
-
Tax Offset
-$2,313
$110
Net Cashflow After Tax
-$5,396
$257
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$382,500
$382,500
$98,100
$486,310
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 - 27.0%
Manufacturing - 17.0%
Education and Training - 9.0%
Health Care and Social Assistance - 9.0%
Others - 38.0%
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
Create a free account to access the tools and information you need to make the best property investment decisions.
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
