$439K
$79,613
"Located in the tranquil and picturesque Birdwood Street in Mowbray, this well maintained home offers a perfect blend of style and practicality. As you approach, youll notice the streets timeless appeal, with its oak trees creating a stunning backdrop throughout the seasons. Inside, the home presents three bedrooms, each equipped with its own heat pump, ensuring comfort all year round. The openplan layout connects the kitchen, dining, and lounge areas, making it an ideal space for both relaxation and entertaining. A separate laundry adds practicality to the design. Recently refreshed from top to bottom, this property features new carpets, modern light fittings, and blinds, all complemented by a fresh coat of paint inside and out. The inclusion of reverse cycle air conditioning adds another layer of comfort. The flat block is fully landscaped, complete with a new concrete driveway and a newly installed garden shed, making the outdoor space as appealing as the interior. With nothing left to do, this home is truly movein ready, offering an exceptional opportunity for both investors and homebuyers. Its prime location ensures easy access to local amenities, public transport, the Mowbray Shopping Centre, and educational institutions such as the Newnham University Campus, Maritime College, Mowbray Primary School, and the Launceston Grammar School senior campus. Plus, the Launceston CBD is just a 10minute drive away. This home provides an unmatched blend of location and liveability in one of Mowbrays most desirable streets. Council Rates approx. 1600 p.a. Water Rates approx. 1200 p.a."
Below are some similar properties in the area you may be interested in.
3.8%
35.5%
-
-
-$50,000
-$9,966
4.4%
2.9%
-12.9%
6.0%
Asking Price
$439,000
Estimated Purchase Price
$470,000
Stamp Duty
$16,973
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$47,000
Reg. Mortgage
$152
LMI Premium
$10,390
Renovation Costs
-
Total Cash/Equity Required
$77,145
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+8.8% PA
$1,830
$2,605
Rates
+3.0% PA
$2,089
$2,726
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
$13,681
$20,099
Interest Repayments
$27,918
$27,918
Net Cashflow Before Tax
-$14,237
-$7,819
Depreciation
-
-
Tax Offset
-$4,271
-$2,346
Net Cashflow After Tax
-$9,966
-$5,474
Assumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$423,000
$423,000
$25,560
$387,890
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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 - 18.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price