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$450K
$81,259
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
This captivating 1947-built home on Grove Road in Glenorchy offers a valuable opportunity for renovation. Featuring three spacious bedrooms and one bathroom, it's set on a generous 913m2 block. The property is well-suited for those ready to inject personal style or capitalize on a solid investment. Located in the vibrant and community-oriented suburb of Glenorchy, the home boasts easy access to local schools, parks, and shopping centers. The area is thriving with development and diverse amenities that include dining and cultural activities, making it a prime location for families and professionals. This affordably priced home is ideal for first-time buyers or investors aiming to leverage its potential in Glenorchy's dynamic market.
Trusted by over 13k property buyers and counting...
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68.3%
$480K
5.8%
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Try Picki for FREE-$35,000
-$5,437
5.9%
Asking Price
$450,000
Estimated Purchase Price
$485,000
Stamp Duty
$17,610
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$48,500
Reg. Mortgage
$152
LMI Premium
$10,722
Renovation Costs
-
Total Cash/Equity Required
$79,614
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+8.8% PA
$2,517
$3,582
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
$21,042
$30,547
Interest Repayments
$28,809
$28,809
Net Cashflow Before Tax
-$7,767
$1,738
Depreciation
-
-
Tax Offset
-$2,330
$521
Net Cashflow After Tax
-$5,437
$1,217
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$436,500
$436,500
$44,100
$432,310
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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
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
