$665K
$110,939
Confidence
High
High
$690,000
Medium
$655,000
Low
$620,000
Confidence
Medium
"Nestled within the soughtafter Lutana Village, the house offers stunning vistas of the River Derwent and Mt. Wellington, creating a picturesque backdrop for daily living. Meticulously renovated throughout, it boasts an array of delightful features and is ready to welcome its next family to effortlessly move in and enjoy. Upon entry, you are welcomed by a gracious foyer with lovely timber floorboards and beautiful colour tones that evoke a warm, homely atmosphere. The cozy lounge to the left, which boasts a wooden heater and new air conditioner, perfect for family gatherings or entertaining friends. Down the hall, the beautifully renovated eatin kitchen is a culinary enthusiasts dream, offering ample storage and quality appliances. The dining area seamlessly extends to a sunfilled patio and a lowmaintenance yard, providing a private oasis for enjoyment. The home features three bedrooms, each adorned with floortoceiling builtin wardrobes. These rooms are designed to provide a cozy and relaxing retreat for everyone in the family. The family bathroom has been upgraded with a walkin shower and a separate toilet. An additional WC in the laundry room adds convenience and eliminates morning rushhour chaos. This property also benefits two shedstorages, as well as offstreet parking spaces. With a new roof, being freshly painted, and nearlevel access, this fabulous property ensures peace of mind and durability for years to come. Located towards the front of the property, there is an opportunity to extend or build a second dwelling at the rear DA APPROVED. This home provides ample space to meet the needs of a growing family and also offers investors the prospect of positive proven rental yields, or it is ideal for those looking to downsize and future proof. From either perspective its an exceptional opportunity. Nearby, the Lutana Woodlands Reserve offers a perfect space for leisurely walks and childrens play. Known for its friendly community, Lutana Village offers a wonderful lifestyle with its proximity to New Town and Moonah shopping precincts, featuring a diverse range of shops, restaurants, and services to cater to every need. Dont miss out on this property that combines charm, comfort, and modern elegance truly an exceptional opportunity. Land size 738 sqm approximately Wonderful views 10mins from Hobart CBD Amazing renovation Potential of second dwelling 3 bedrooms all with builtins New air conditioner in all bedrooms and living room Fenced and low maintenance backyard 2 mins to Newtown bay golf club Council rate approx 2,038 p.a Water rate approx 1,108 p.a Approx 2mins driving to New town bay Golf club 10mins driving to Hobart CBD 10mins to Glenorchy shopping centers 10mins to Mona Museum 12 mins to Claremont Golf course We have obtained all information in this document from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
1.8%
61.3%
$620K
4.4%
$10,000
-$15,077
3.7%
2.6%
-13.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$655,000
Estimated Purchase Price
$645,000
Stamp Duty
$24,410
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$64,500
Reg. Mortgage
$152
LMI Premium
$18,391
Renovation Costs
-
Total Cash/Equity Required
$110,084
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,920
$34,046
Property Management
+8.8% PA
$2,105
$2,996
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
$16,774
$24,472
Interest Repayments
$38,313
$38,313
Net Cashflow Before Tax
-$21,539
-$13,841
Depreciation
-
-
Tax Offset
-$6,462
-$4,152
Net Cashflow After Tax
-$15,077
-$9,689
Assumptions
Year 1
Year 10
Property Value
6.8%
$699,540
$1,264,602
Loan Balance
I.O
$580,500
$580,500
$119,040
$684,102
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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