$2M
$388,023
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Try Picki for FREEConfidence
High
High
$2,200,000
Medium
$2,000,000
Low
$1,800,000
Confidence
Medium
$1k/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
71%
Median Street Sold Price
-
Median Street Rental Yield
-
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Property
Good
Street
Average
Suburb
Good
Overall
Average
Under Market Value
-
Net Cashflow PA
-$46,315
Gross Yield
3.1%
Purchase Costs
Asking Price
$2,000,000
Estimated Purchase Price
$2,000,000
Stamp Duty
$103,830
Transfer Fee
$19,043
Conveyancing
$1,226
Deposit (10%)
$200,000
Reg. Mortgage
$187
LMI Premium
$63,187
Renovation Costs
-
Total Cash/Equity Required
$388,023
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Expenses
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,438
$1,876
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
$52,636
$75,506
Interest Repayments
$118,800
$118,800
Net Cashflow Before Tax
-$66,164
-$43,294
Depreciation
-
-
Tax Offset
-$19,849
-$12,988
Net Cashflow After Tax
-$46,315
-$30,306
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Liabilities
Loan Balance
I.O
$1,800,000
$1,800,000
Net Equity
$336,000
$2,061,380
Property Inspection Report
Property Overview
Discover the magnificence of 3 Burgess Road in Sunnyside. This luxury home offers an exceptional riverfront experience with 5 bedrooms, 4 bathrooms, and ample parking. Set on a massive 1900m2 allotment with 1393m2 freehold land, it features private river frontage, a licensed jetty, a beach, and a boat shed. Entertain with a built-in pizza oven, enjoy an outdoor spa, or relax in the massive games room with a bar and cellar. Equipped with a licensed fuel tank, solar systems, and extensive water storage, this property promises endless enjoyment. A simple commute to Adelaide makes it perfect for both permanent and holiday stays.
Inspection Checklist
- Verify boundaries and exact land ownership details including freehold vs leasehold areas.
- Inspect the condition of the private licensed jetty and beach-launch area.
- Check the operation and permits of the boat storage shed and electric winch.
- Assess the additional shed space for watercraft and storage requirements.
- Review the condition and permits for the built-in pizza oven and outdoor entertainment space.
- Confirm the operational status and permit for the 800L fuel tank.
- Evaluate the solar system capacities and setup (2 x 4.5kw systems).
- Inspect the efficiency and distribution of the irrigation system for the lawns and gardens.
- Verify the structural integrity and safety of the elevated home and decking areas.
- Check the appliances and fittings, including the gourmet kitchen, pantry, and built-in fridge-freezer.
- Review the heating and cooling systems, especially the open fire setup.
- Understand the reliability and speed of the internet connection as stated.
- Assess the structural and aesthetic status of the games room and cellar.
Questions for Agent
- Can you clarify the freehold and leasehold land details, including any associated costs or restrictions?
- What are the maintenance requirements and any current issues with the jetty and beach-launch area?
- Are there any ongoing permits or licenses required for the storage sheds and fuel tank?
- Can we have more details on the irrigation system and its water source efficiency?
- Is there any recent inspection or certification for the solar systems installed?
- What is the history of the property's flood risk, given its riverfront location?
- Are there any upcoming council or community developments that might impact the property?
- Can you provide more details on the proven holiday rental returns and any associated management?
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Location Opportunity
District Council of Mid Murray statistics
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.
9,164
2021 Population
70
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Poor
Agriculture, Forestry and Fishing - 26.0%
Retail Trade - 9.0%
Accommodation and Food Services - 8.0%
Public Administration and Safety - 7.0%
Others - 50.0%
income growth
Very Low
Average Income
COMMUTE TIME
100mins
52kms
Poor
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
-0.4%
projected
for 2025 to 2027
Average
Su
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1.8%
Average
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
Rental Yield
No data available
Vacancy Rate
No data available
Days of Supply
Poor
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Poor
Average Population
Pricing
Sold Price
Asking Price
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