$595K
$96,402
Confidence
Medium
High
$500,000
Medium
$485,000
Low
$470,000
Confidence
Medium
"This exceptional investment opportunity features two separate dwellings on one title, offering strong rental potential and versatility. The original 2bedroom home, with a large deck perfect for outdoor living, already has longterm tenants in place, providing a steady income stream. The newly built 1bedroom architectural home is a modern gem. Designed with contemporary luxuries, it boasts clever storage solutions, a reverse cycle airconditioner for yearround comfort, gourmet kitchen with stone benchtop, dishwasher and its own private rear yard with a pleasant outlook. The sunny location ensures bright, inviting living spaces. Another quality JAWS architect designed product. Conveniently situated close to MONA, the services of Glenorchy, and with an easy commute to Hobarts CBD, this dualdwelling property is ideal for savvy investors looking for strong returns and future potential. Dont miss out on this rare offering Rare offering of 2 dwellings on 1 title. Strong attractive rental return of approx 6.5. Off street parking bus services nearby. Original 2 bedroom home with long term tenants. A stunning near new easy care 1 bedroom home. For further details contact Michael Coy today"
12.6%
53.6%
$386K
6.2%
-$85,000
-$12,623
4.0%
2.8%
-13.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$595,000
Estimated Purchase Price
$570,000
Stamp Duty
$21,223
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$57,000
Reg. Mortgage
$152
LMI Premium
$16,253
Renovation Costs
-
Total Cash/Equity Required
$97,258
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,880
$32,565
Property Management
+8.8% PA
$2,013
$2,866
Rates
+3.0% PA
$1,841
$2,402
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$15,826
$23,122
Interest Repayments
$33,858
$33,858
Net Cashflow Before Tax
-$18,032
-$10,736
Depreciation
-
-
Tax Offset
-$5,410
-$3,221
Net Cashflow After Tax
-$12,623
-$7,515
Assumptions
Year 1
Year 10
Property Value
6.8%
$517,980
$936,385
Loan Balance
I.O
$513,000
$513,000
$4,980
$423,385
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2021 Population
Suburbs
Manufacturing - 14.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price