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$725K
$126,368
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Try Picki for FREEConfidence
High
High
$775,000
Medium
$725,000
Low
$675,000
Confidence
Medium
Discover a flexible four-bedroom home in Norwood, ideally designed with levels that offer exceptional spaces. Located within walking distance to Norwood Primary School, and close to local shopping, Punchbowl Reserve, and Launceston Golf Club, this property perfectly balances serenity and convenience. With two inviting living areas, a central dining area, and a stylishly appointed kitchen featuring Bosch appliances, a Miele dishwasher, and composite stone benches, this home is both functional and elegant. Accommodation is smartly arranged, with three welcoming bedrooms upstairs and a ground-floor bedroom with its own patio access. The study offers a versatile work-from-home space, while secure garaging and additional parking enhance convenience. An efficient solar hot water system and established landscaping complete this family-friendly property.
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80.5%
$520K
5.5%
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Try Picki for FREE-$10,000
-$13,350
4.5%
Asking Price
$725,000
Estimated Purchase Price
$735,000
Stamp Duty
$28,260
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$73,500
Reg. Mortgage
$152
LMI Premium
$20,958
Renovation Costs
-
Total Cash/Equity Required
$125,500
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,760
$46,628
Property Management
+8.8% PA
$2,883
$4,103
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
$24,588
$35,624
Interest Repayments
$43,659
$43,659
Net Cashflow Before Tax
-$19,071
-$8,035
Depreciation
-
-
Tax Offset
-$5,721
-$2,411
Net Cashflow After Tax
-$13,350
-$5,625
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$774,300
$1,399,750
Loan Balance
I.O
$661,500
$661,500
$112,800
$738,250
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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
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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
