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$395K
$60,696
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$390,000
Medium
$365,000
Low
$340,000
Confidence
Low
This property is situated conveniently close to the town center, offering an easy commute to schools and shops. Located on a gently sloping corner lot, the house is well-positioned with a solid brick construction ideal for minimal maintenance. Comprising of three generously sized bedrooms equipped with large built-in wardrobes, the home provides a comfortable living space. It features a garage and a shed for ample storage solutions and includes reverse cycle air conditioning, town water, and sewer connections. While it’s comfortable, it's also a great opportunity for first-time renovators to increase its value. The backyard is well-fenced, family- and pet-friendly, and provides space for gardening enthusiasts, complete with a greenhouse.
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86.9%
-
-
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Try Picki for FREE-$5,000
-$6,007
5.3%
Asking Price
$395,000
Estimated Purchase Price
$370,000
Stamp Duty
$12,735
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$37,000
Reg. Mortgage
$152
LMI Premium
$8,179
Renovation Costs
-
Total Cash/Equity Required
$60,697
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+8.8% PA
$1,739
$2,475
Rates
+3.0% PA
$1,425
$1,859
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
$13,396
$19,615
Interest Repayments
$21,978
$21,978
Net Cashflow Before Tax
-$8,582
-$2,363
Depreciation
-
-
Tax Offset
-$2,575
-$709
Net Cashflow After Tax
-$6,007
-$1,654
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$389,820
$704,702
Loan Balance
I.O
$333,000
$333,000
$56,820
$371,702
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2021 Population
Suburbs
Manufacturing - 16.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 11.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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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
