$539K
$79,613
"Located in popular Newnham, convenience is at your doorstep. This solid brick family home offers glimpses of the Tamar River and has proximity to local schools, shops, and public transport. Step inside to a welldesigned open plan kitchen, dining, and family area, perfect for everyday living. An adjoining lounge, featuring a cosy wood heater, creates a warm atmosphere for those cooler nights. The home also offers modern comforts, including a Heat Pump for yearround temperature control and underfloor heating, ensuring every corner of the home feels inviting. Sliding doors open to a fully fenced, paved backyard that is both low maintenance and ideal for family gatherings or simply relaxing in peace. The home features three generously sized bedrooms, with the master enjoying the added luxury of a walkin robe and ensuite. The remaining two bedrooms come complete with builtin robes, and are serviced by a family bathroom that includes a separate bath and shower, along with a separate toilet for added convenience. The home also includes a separate laundry with direct outdoor access. Parking will never be an issue, with a garage, double carport, and additional space for another vehicle. This is a fantastic opportunity to secure a wellmaintained home in a familyfriendly location. Council Rates approx. 1800 p.a. Water Rates approx. 1200 p.a."
Below are some similar properties in the area you may be interested in.
4.8%
79.8%
$550K
5.5%
$30,000
-$10,550
4.4%
2.9%
-12.8%
6.0%
Asking Price
$539,000
Estimated Purchase Price
$500,000
Stamp Duty
$18,248
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$50,000
Reg. Mortgage
$152
LMI Premium
$11,053
Renovation Costs
-
Total Cash/Equity Required
$82,083
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+8.8% PA
$1,922
$2,735
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
$14,629
$21,449
Interest Repayments
$29,700
$29,700
Net Cashflow Before Tax
-$15,071
-$8,251
Depreciation
-
-
Tax Offset
-$4,521
-$2,475
Net Cashflow After Tax
-$10,550
-$5,776
Assumptions
Year 1
Year 10
Property Value
6.8%
$566,040
$1,023,266
Loan Balance
I.O
$450,000
$450,000
$116,040
$573,266
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