$595K
$114,359
Confidence
High
High
$620,000
Medium
$600,000
Low
$580,000
Confidence
High
"Set on a 632m2 level block Renovated throughout Neutral palette 4 Bedrooms 1 Bathroom Deep tub Walk in shower Kitchen with loads of storage SS appliances Huge undercover alfresco deck Front timber deck with water views Loads of parking gate to separate caravan storage area Built 1964 BV Rendered Tile roof Lush lawns Manferns Garden shed Reverse cycle heat pump Welcome to 718 Main Rd, Berriedale which is positioned just a short stroll from MONA, minutes drive to the amenities of Claremont Village for all your shopping needs, and a mere 15 minutes from the Hobart CBD, its time to enjoy the rapid growth of Hobarts Northern Suburbs. Berriedale forms part of the Glenorchy City Shire and enjoys views over the Derwent River, along with the popular bike track that takes you all the way into the city for an easy healthy commute. This popular suburb is surrounded with recreational areas to be enjoyed by the whole family, various schools within a 5 minute walk and offers a well serviced public transport system. Home is waiting for you Year Built 1964 Council Glenorchy Rates 1,900 pa approx. Zoning General Residential Rental Appraisal 680 760 pw approx. NBN FTTN Currently connected to a provider BelleParkerhomes have made every effort to ensure the accuracy of the information contained herein. While there is no reason to doubt its accuracy, guarantee cannot be assured. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate."
13.3%
70.9%
$713K
3.7%
-$70,000
-$15,453
3.7%
2.6%
-13.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$595,000
Estimated Purchase Price
$670,000
Stamp Duty
$25,473
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$67,000
Reg. Mortgage
$152
LMI Premium
$19,104
Renovation Costs
-
Total Cash/Equity Required
$114,359
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+8.8% PA
$2,196
$3,126
Rates
+3.0% PA
$1,841
$2,402
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
$17,723
$25,822
Interest Repayments
$39,798
$39,798
Net Cashflow Before Tax
-$22,075
-$13,976
Depreciation
-
-
Tax Offset
-$6,623
-$4,193
Net Cashflow After Tax
-$15,453
-$9,783
Assumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$603,000
$603,000
$37,800
$555,414
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2021 Population
Suburbs
Manufacturing - 14.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 52.0%
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