$895K
$171,481
"The quality of the renovation matches the calibre of the location to ensure this bright, inviting three bedroom, two bathroom home provides an enviable East Launceston lifestyle. A fresh feel, pristine presentation and the success with which present day attributes have been introduced to a period design define spaces that commence with a lightfilled living room featuring a bay window outlook, beautiful hardwood floors and a warming wood fired heater. The dining rooms own polished floors and pleasing outlook enhance enjoyment of every day while the adjacent kitchens stone benches, stainless steel appliances, freestanding oven and elite quality soft closing cabinetry emphasize the excellence of the renovation. That same sense of style and focus on flair complements the family friendly bathroom thats shared by three appealing bedrooms, each featuring builtin robes, including a main bedroom that incorporates an impressive new ensuite. An abundance of storage and linen space adds further family friendliness. The ducted air conditioning further contributes to the level comfort of living in this exceptional family orientated home. A new elevated, covered deck that basks in the northern sun is accessed via French doors from the openplan kitchendiningliving space while northfacing rear outdoor areas reveal enticing dimensions and easy scope for new owners to apply their own landscaping style when so desired. This outstanding home also offers a single and a double garage in a superb setting close to East Launceston Primary School and the associate East Launceston Oval, St Thomas Mores Catholic Primary School, the Scotch Oakburn College Junior School campus and Newstead shopping. Launceston General Hospital and the CBD are also within convenient reach of this sought after address. Building and land areas are approximate."
Below are some similar properties in the area you may be interested in.
-
52.5%
$645K
4.6%
-$270,000
-$26,028
3.0%
2.2%
-15.2%
6.0%
Asking Price
$895,000
Estimated Purchase Price
$1,000,000
Stamp Duty
$40,185
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$100,000
Reg. Mortgage
$152
LMI Premium
$28,514
Renovation Costs
-
Total Cash/Equity Required
$171,481
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,160
$42,927
Property Management
+8.8% PA
$2,654
$3,778
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
$22,217
$32,249
Interest Repayments
$59,400
$59,400
Net Cashflow Before Tax
-$37,183
-$27,151
Depreciation
-
-
Tax Offset
-$11,155
-$8,145
Net Cashflow After Tax
-$26,028
-$19,006
Assumptions
Year 1
Year 10
Property Value
6.8%
$779,640
$1,409,404
Loan Balance
I.O
$900,000
$900,000
-$120,360
$509,404
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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 Days of Supply
Sold Price
Asking Price