$575K
$108,374
"New to the market for the first time in decades is this lovely brick home in arguably one of Newsteads favourite streets. This property is solid in structure and just waiting for a lovely young family to update it to make it their own. The kitchen and bathrooms have been renovated in recent times and underneath the carpet are some gorgeous timber floors. The garden is a good size, which is perfect if you have kids or pets. You are also within walking distance to some of Launcestons best schools. For more information or your own private inspection, please call Peter Lees Real Estate today Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries. Boundary lines are indicative only."
Below are some similar properties in the area you may be interested in.
-
81.5%
-
-
$65,000
-$15,583
3.6%
2.5%
-14.2%
6.0%
Asking Price
$599,000
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
$23,400
$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
$38,313
$38,313
Net Cashflow Before Tax
-$22,261
-$14,839
Depreciation
-
-
Tax Offset
-$6,678
-$4,452
Net Cashflow After Tax
-$15,583
-$10,388
Assumptions
Year 1
Year 10
Property Value
6.8%
$758,280
$1,370,790
Loan Balance
I.O
$580,500
$580,500
$177,780
$790,290
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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price