$549K
$105,808
"Fully renovated inside and currently operating as a shared house accommodation, receiving an outstanding 7.5 rental return, this property is the perfect walk in and walk out investment. Everything inside is brand new New tile flooring in heavy foot traffic areas, new carpet in all four rooms, new cabinetry fit out and appliances in the kitchen and a brandnew bathroom, even the roof is brand new Each room is furnished with a bed and wardrobe, there is not a single thing you need to do to the interior of this property. There are ample parking options, a secure, gated double carport, a single garage underneath and offstreet parking for up to five vehicles. The location is terrific, in a quiet area with good neighbours. Conveniently close to public transport and within walking distance to the vibrant Mowbray Shopping and Business Centre and not far from the University and Mowbray Primary School. Only five minutes stroll down the road to Heritage Forest, one of Launcestons best walking parks and just a quick drive into the Launceston CBD. Bushby Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations."
Below are some similar properties in the area you may be interested in.
4%
63.5%
-
-
-$85,000
-$14,543
3.8%
2.6%
-13.7%
6.0%
Asking Price
$549,000
Estimated Purchase Price
$620,000
Stamp Duty
$23,348
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$62,000
Reg. Mortgage
$152
LMI Premium
$17,679
Renovation Costs
-
Total Cash/Equity Required
$105,808
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
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
$16,052
$23,474
Interest Repayments
$36,828
$36,828
Net Cashflow Before Tax
-$20,776
-$13,354
Depreciation
-
-
Tax Offset
-$6,233
-$4,006
Net Cashflow After Tax
-$14,543
-$9,348
Assumptions
Year 1
Year 10
Property Value
6.8%
$571,380
$1,032,919
Loan Balance
I.O
$558,000
$558,000
$13,380
$474,919
Did you know you need to engage a conveyancer when buying a property?
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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