$615K
$95,547
"The big ticket items of kitchen and bathrooms highlight this property in West Launceston as doe the step down lounge which is massive in size. The kitchen follows suit with excellent appliances and great bench and storage space. The bathrooms are stunning. The main has a freestanding bath and walk in shower, while the ensuite has dual basins and dual shower heads. Polished Tas Oak floors. The family room has been well designed flowing on from the kitchen is inviting and features external access to the outdoor deck with views looking back towards the mountains. Externally you will find a powered shed a perfect additional for those after a potential fifth bedroom, workshop space, mancave or additional living. The yard is low maintenance with secured fencing and plenty of off street parking. This home would make a great family home or terrific investment in this highly sought after area."
Below are some similar properties in the area you may be interested in.
-
68.3%
$540K
5.3%
$25,000
-$12,672
4.1%
2.8%
-12.9%
6.0%
Asking Price
$615,000
Estimated Purchase Price
$575,000
Stamp Duty
$21,435
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$57,500
Reg. Mortgage
$152
LMI Premium
$16,395
Renovation Costs
-
Total Cash/Equity Required
$98,113
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
$34,155
$34,155
Net Cashflow Before Tax
-$18,103
-$10,681
Depreciation
-
-
Tax Offset
-$5,431
-$3,204
Net Cashflow After Tax
-$12,672
-$7,477
Assumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$517,500
$517,500
$123,300
$640,914
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