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$1.3M
$276,193
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,400,000
Medium
$1,250,000
Low
$1,100,000
Confidence
Medium
The Nixon 368 by HPG Homes offers a unique investment and living opportunity in the prestigious Riverlea Estate, South Australia. This large, 2-storey home is perfect for big families and entertaining, featuring luxury specifications like 3-meter ceilings, gold tapware, a gas fireplace, stone benchtops, and a freestanding bath. It serves as a display home, providing the chance to own a fully-featured model after its exhibition period. Priced at $1,300,000, it guarantees a rental income of $1,278 per week for three years. Riverlea Estate promises extensive recreational areas, envisioned to surpass the size of the Adelaide Botanic Gardens, and includes planned lakes and waterways. It's a compelling blend of luxury living and investment potential.
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84.1%
$313K
10.2%
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Try Picki for FREE-$150,000
-$35,150
3.0%
Asking Price
$1,300,000
Estimated Purchase Price
$1,400,000
Stamp Duty
$70,830
Transfer Fee
$13,283
Conveyancing
$1,226
Deposit (10%)
$140,000
Reg. Mortgage
$187
LMI Premium
$44,231
Renovation Costs
-
Total Cash/Equity Required
$270,307
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
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
$32,946
$47,538
Interest Repayments
$83,160
$83,160
Net Cashflow Before Tax
-$50,214
-$35,622
Depreciation
-
-
Tax Offset
-$15,064
-$10,687
Net Cashflow After Tax
-$35,150
-$24,935
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,335,000
$2,413,362
Loan Balance
I.O
$1,260,000
$1,260,000
$75,000
$1,153,362
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...
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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
