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$650K
$122,055
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Try Picki for FREEConfidence
High
High
$680,000
Medium
$650,000
Low
$620,000
Confidence
Medium
This charming, well-maintained single-level home offers potential for families and developers, sitting on a 986 sqm inner residential zone. The house boasts a retro vibe with modern updates. Located in a prime spot near Glenorchy Shopping Precinct, schools, sports facilities, and just 10 minutes from Hobart CBD. With expansive space, it features a wide entrance, generous kitchen, updated bathroom, and multiple living zones. The property includes a separate garage with a loft, ample off-street parking, and a spacious backyard ideal for entertaining or further development, appealing to a diverse range of buyers.
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-$50,000
-$13,049
4.4%
Asking Price
$650,000
Estimated Purchase Price
$700,000
Stamp Duty
$26,748
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$70,000
Reg. Mortgage
$152
LMI Premium
$19,960
Renovation Costs
-
Total Cash/Equity Required
$119,490
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,680
$43,667
Property Management
+8.8% PA
$2,700
$3,843
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
$22,939
$33,247
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$18,641
-$8,333
Depreciation
-
-
Tax Offset
-$5,592
-$2,500
Net Cashflow After Tax
-$13,049
-$5,833
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$630,000
$630,000
$64,200
$624,948
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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
