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$429K
$66,445
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$460,000
Medium
$420,000
Low
$380,000
Confidence
Low
This property is a blend of classic charm and modern upgrades, suitable for investors and first-time buyers. The home features an upgraded timber kitchen, a cozy living room with a heat pump, and a stylishly renovated bathroom. It includes three bedrooms and a versatile rumpus room that can double as a fourth bedroom. Outside, enjoy rural and mountain views, a secure yard for kids and pets, and two storage sheds. Located just five minutes from New Norfolk's town center, the property offers easy access to schools, public transport, and lifestyle services.
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85.7%
-
-
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Try Picki for FREE-$10,000
-$9,498
4.2%
Asking Price
$445,000
Estimated Purchase Price
$430,000
Stamp Duty
$15,273
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$43,000
Reg. Mortgage
$152
LMI Premium
$9,506
Renovation Costs
-
Total Cash/Equity Required
$70,561
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+8.8% PA
$1,602
$2,280
Rates
+3.0% PA
$1,425
$1,859
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
$11,973
$17,590
Interest Repayments
$25,542
$25,542
Net Cashflow Before Tax
-$13,569
-$7,952
Depreciation
-
-
Tax Offset
-$4,071
-$2,386
Net Cashflow After Tax
-$9,498
-$5,566
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$387,000
$387,000
$61,560
$423,890
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2021 Population
Suburbs
Manufacturing - 16.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 11.0%
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
