$549K
$81,259
"Welcome to 38 Gascoyne Street, Kings Meadowsa beautifully maintained, lightfilled home that exudes warmth and charm from the moment you step inside. With its perfect positioning close to schools, shops, and public transport, this property offers not only convenience but a sense of comfort and homeliness. The property offers three generously sized bedrooms, with two featuring builtin robes for ample storage. The family bathroom has been thoughtfully renovated to enhance both style and practicality. In addition to the main living spaces, theres a versatile fourth room located under the house next to the storage area, which can be used as a large studio or office, offering additional functional space. The openplan living and dining area is flooded with natural light, creating an inviting space for family gatherings. The polished timber floors throughout add elegance and timeless appeal, while a builtin bookcase enhances the living areas functionality. The stylish, modern kitchen is equipped with quality appliances and boasts a large walkin pantry, providing ample cupboard and bench space, perfect for those who love to cook and entertain. The convenience of a dishwasher is also included. Comfort is guaranteed yearround with a reverse cycle heat pump, ensuring a cosy atmosphere during cooler months. Outdoor living is just as appealing, with multiple secure areas perfect for children and pets to play safely. The property also includes a large, easily accessible underhouse storage space, ideal for all your extra belongings. A double carport, along with two additional offstreet parking spaces, ensures theres room for everyone. For added privacy and security, the home benefits from remotecontrolled gated entry, accessed via Chifley Street. With its immaculate presentation and thoughtful design, this wonderful home offers the perfect blend of modern living and homely comfort, ready to welcome its new owners. Council rates 350 pq approx. Water rates 280 pq approx. Building size 110m2 approx. Land size 655m2 approx. Year Built 1972 Rental estimate 460490 per week approx. Key2 Property have obtained all information in the document from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
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2.6%
69.7%
$534K
4.9%
$30,000
-$9,970
4.6%
3.1%
-11.9%
6.0%
Asking Price
$549,000
Estimated Purchase Price
$510,000
Stamp Duty
$18,673
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$51,000
Reg. Mortgage
$152
LMI Premium
$11,274
Renovation Costs
-
Total Cash/Equity Required
$83,729
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
$30,294
$30,294
Net Cashflow Before Tax
-$14,242
-$6,820
Depreciation
-
-
Tax Offset
-$4,273
-$2,046
Net Cashflow After Tax
-$9,970
-$4,774
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$459,000
$459,000
$117,720
$583,573
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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