$525K
$100,678
Confidence
High
High
$640,000
Medium
$595,000
Low
$550,000
Confidence
Medium
"This threebedroom family home is situated in the popular Berriedale area, with easy access to the best local pub in Claremont, The Mont the location is within close proximity to public primary schools, Claremont college, Claremont Plaza, local doctors and community services. A large living space with a wood heater is in the heart of the home which has been freshly painted and new carpet throughout, the kitchen is functional, with plenty of cupboards and storage, a separate laundry which leads out onto a generous sized secure entertaining area which has been closed in ready for those gatherings or a perfect extra living space and play area for the kids The three spacious bedrooms are located off the hall area all have been freshly painted with built in wardrobes and new carpet. The bathroom includes a shower over the bath, with a separate toilet for added convenience. The back yard is flat and fully fenced, with a storage shed covered in wood yard and a 6.7 Meter X 5.6 Meter double garage. Other highlights include a beautifully manicured, established gardens at the front. Available now and ready for its new owners to add their special touch and TLC With a price guide of Offers Over 525,000, this property is a great opportunity for firsttime homebuyers or investors looking for a solid investment. Dont miss out on this fantastic opportunity to own a piece of Berriedale, the home of the renowned MONA Museum of Old and New Art. Contact us today to schedule a viewing and make this property your new home."
13.3%
70.9%
$713K
3.7%
$5,000
-$14,118
3.7%
2.5%
-14.0%
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
$590,000
Stamp Duty
$22,073
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$59,000
Reg. Mortgage
$152
LMI Premium
$16,823
Renovation Costs
-
Total Cash/Equity Required
$100,678
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+8.8% PA
$1,922
$2,735
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
$14,877
$21,772
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$20,169
-$13,274
Depreciation
-
-
Tax Offset
-$6,051
-$3,982
Net Cashflow After Tax
-$14,118
-$9,292
Assumptions
Year 1
Year 10
Property Value
6.8%
$635,460
$1,148,760
Loan Balance
I.O
$531,000
$531,000
$104,460
$617,760
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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