The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
© 2024 Picki. All rights reserved.
$1.2M
$185,362
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
High
High
$1,400,000
Medium
$1,250,000
Low
$1,100,000
Confidence
Medium
The Spirit of Derwent is a captivating 3.946-hectare property nestled in the Derwent Valley, showcasing breathtaking views of the mountains and valley, reaching Mt Field National Park. Offering modern conveniences like mains water and a 3.5 megalitre water license, it promises abundant resources, enhanced by a creek-fed irrigation system. Fully renovated in 2021, the home boasts new flooring, modern bathrooms, a well-appointed kitchen, and abundant heating solutions with double-glazed windows. The property, just 30 minutes from Hobart CBD and close to schools, offers school bus services and has versatile spaces like a garage-turned-games room. This tranquil retreat beckons those seeking a peaceful lifestyle or hobby farming.
Trusted by over 13k property buyers and counting...
Try Picki for FREEBelow are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
No data available
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
90.3%
-
-
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREE$45,000
-$26,784
3.5%
Asking Price
$1,300,000
Estimated Purchase Price
$1,205,000
Stamp Duty
$49,410
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$120,500
Reg. Mortgage
$152
LMI Premium
$37,705
Renovation Costs
-
Total Cash/Equity Required
$210,397
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+8.8% PA
$3,661
$5,210
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
$33,314
$47,965
Interest Repayments
$71,577
$71,577
Net Cashflow Before Tax
-$38,263
-$23,612
Depreciation
-
-
Tax Offset
-$11,479
-$7,084
Net Cashflow After Tax
-$26,784
-$16,529
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,335,000
$2,413,362
Loan Balance
I.O
$1,084,500
$1,084,500
$250,500
$1,328,862
