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$300K
$51,191
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$330,000
Medium
$300,000
Low
$270,000
Confidence
not applicable
Discover a unique opportunity with this spacious 508m² Torrens Title land parcel in the heart of Old Smithfield Township. With no building timeframe and the freedom to choose your own builder, this is your chance to create your dream home. Located minutes from Blakes Crossing, Munno Para, and essential services, this fully fenced allotment features a 15.89m frontage and 32m depth, with mains water and power available. Zoned general neighbourhood under the City of Playford, this parcel is perfect for home builders or development (subject to council consent). Act now as land like this is becoming rare.
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51.8%
$500K
5%
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-$16,290
-
Asking Price
$300,000
Estimated Purchase Price
$300,000
Stamp Duty
$11,330
Transfer Fee
$2,723
Conveyancing
$1,226
Deposit (10%)
$30,000
Reg. Mortgage
$187
LMI Premium
$5,176
Renovation Costs
-
Total Cash/Equity Required
$51,192
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,930
$2,518
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
-$5,451
-$7,112
Interest Repayments
$17,820
$17,820
Net Cashflow Before Tax
-$23,271
-$24,932
Depreciation
-
-
Tax Offset
-$6,981
-$7,480
Net Cashflow After Tax
-$16,290
-$17,453
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$320,400
$579,207
Loan Balance
I.O
$270,000
$270,000
$50,400
$309,207
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
Health Care and Social Assistance - 22.0%
Retail Trade - 14.0%
Manufacturing - 11.0%
Education and Training - 11.0%
Others - 42.0%
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
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