$530K
$87,021
Confidence
High
High
$550,000
Medium
$485,000
Low
$425,000
Confidence
Moderate
"Jump onto this opportunity as there is only ONE unit available. Located in the charming town of Westbury, an easy 20 minute commute to Launceston, this newly built and exquisitely designed 3bedroom 2 bathroom home featuring a spacious kitchen is ready to occupy and is sure to exceed the highest of expectations. Ideal for those seeking smart design without compromising on style, these executive units offer modern dcor with neutral colour scheme and are elegantly finished with chrome fittings throughout. The low maintenance hybrid floors throughout the living areas and quality carpeting in the bedrooms creates a tranquil and comfortable atmosphere. Whether you are a couple downsizing, a first home buyer, or perhaps looking for an investment to capitalise on the high demand for rental properties in the area rental estimate of 475525 pw, the Villas on King present a great opportunity to secure property in the growing town of Westbury. Overlooking low maintenance gardens, the enormous double glazed picture windows create light filled living spaces which lead to a delightful covered al fresco area and fully fenced perimeter, providing residents with both privacy and security. The open plan living and dining areas flow through to the bright modern kitchen with stainless steel appliances, an evostone island bench and ample pantry storage. The bedrooms all feature built in robes, including a superb and very spacious Master bedroom with ensuite and large walkin shower. The main bathroom features a separate shower and bathtub, all complete with modern tapware and luxe ceramic tiles. Internal access to the remote controlled garage with laundry is an added bonus, plus there is ample room to park a second vehicle in the grounds. Built to the highest of standards, these all brick homes are fully insulated and have a 6.8 Energy rating for comfort and cost management. Inclusions are to a turn key standard, with drives, landscaping, fences and are now ready to move into. Proudly offered exclusively by Harcourts Meander Valley, these executive quality villas offer design, comfort and convenience in one of Meander Valleys most desirable towns. Please contact Rachel on 0400147020 to arrange an inspection."
7.7%
69.7%
-
-
-$40,000
-$13,655
3.4%
2.2%
-15.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$525,000
Estimated Purchase Price
$525,000
Stamp Duty
$19,310
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$52,500
Reg. Mortgage
$152
LMI Premium
$11,606
Renovation Costs
-
Total Cash/Equity Required
$86,198
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$17,680
$25,164
Property Management
+8.8% PA
$1,556
$2,214
Rates
+3.0% PA
$1,247
$1,627
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
$11,677
$17,147
Interest Repayments
$31,185
$31,185
Net Cashflow Before Tax
-$19,508
-$14,038
Depreciation
-
-
Tax Offset
-$5,852
-$4,211
Net Cashflow After Tax
-$13,655
-$9,826
Assumptions
Year 1
Year 10
Property Value
6.8%
$517,980
$936,385
Loan Balance
I.O
$472,500
$472,500
$45,480
$463,885
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 16.0%
Health Care and Social Assistance - 14.0%
Retail Trade - 10.0%
Manufacturing - 9.0%
Others - 51.0%
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