$499K
$95,547
"Nestled in the soughtafter suburb of Newstead, this gem on Hart Street shines with a prime location and abundant amenities Fresh from a comprehensive makeover, this property has shed its old skin and emerged as a true beauty. Picture new window furnishings, light fittings, rewiring, replumbing, and a fresh coat of paint inside and out. And lets not forget the fully renovated bathroom, new laundry, and the removal of that Colorbond cladding, revealing original weatherboards in excellent condition underneath Newstead isnt just a place its a lifestyle hotspot Enjoy easy access to schools, one just two doors along shopping centres, medical facilities, and public transportation. For the active souls out there, walking and biking trails, soccer, and netball facilities are just a stones throw away. Sitting pretty on a generous flat lot spanning approximately 650m2, this property is a developers dream Extend, add another dwelling pending council approval, the possibilities are endless. Currently owneroccupied and boasting three bedrooms, this Inner Residential zoned beauty features a colossal carport spanning approximately 100m2 perfect for multiple vehicles, a caravan, or even a boat With its recent facelift and promising potential, this property is a golden opportunity waiting to be seized."
Below are some similar properties in the area you may be interested in.
6.5%
61.8%
-
-
$405,000
-$3,370
6.6%
5.0%
-4.2%
6.0%
Asking Price
$460,000
Estimated Purchase Price
$495,000
Stamp Duty
$18,035
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$49,500
Reg. Mortgage
$152
LMI Premium
$10,943
Renovation Costs
-
Total Cash/Equity Required
$81,260
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
$29,403
$29,403
Net Cashflow Before Tax
-$4,815
$6,221
Depreciation
-
-
Tax Offset
-$1,444
$1,866
Net Cashflow After Tax
-$3,370
$4,354
Assumptions
Year 1
Year 10
Property Value
6.8%
$961,200
$1,737,621
Loan Balance
I.O
$445,500
$445,500
$515,700
$1,292,121
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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price