$500K
$85,375
Confidence
High
High
$560,000
Medium
$525,000
Low
$490,000
Confidence
Medium
"If youre searching for a comfortable, lowmaintenance family home with everything included, then look no further This superb threebedroom weatherboard property was built in 1967 and has undergone renovations in recent years now transformed into a comfortable and modern family home with an outdoor living space that could change how you spend your leisure time. The home features beautiful Tas Oak floorboards and a range of upgrades that include a newly renovated family bathroom, NBN connection, and reverse cycle air conditioning in the living area. But the highlight of the property is undoubtedly the wide timber deck that showcases the absolutely stunning views over the River Derwent, across to the Eastern Shore and Mt Direction. This covered area provides shade and shelter, so you can entertain or relax here no matter how the weather unfolds stay home and your guests will come to you With access from the dining area via French doors, it is a true extension of the living space, and the adjacent kitchen is wellequipped with timber benchtops and cabinetry and stepin pantry. In the next room is a spacious lounge with large windows that maximise the natural light and beautiful water views. Three steps lead up to the sleeping quarters, where each of the comfortable bedrooms has builtin wardrobes, and the refreshed bathroom includes a shower, vanity and toilet located separately. With 585sqm of land, there is ample offstreet parking, plus a carport, garden shed, and easycare yard space available. A short 20minute drive will take you from home to Hobarts CBD a very manageable commute. Local Claremont shops are only five minutes away, while Northgate is a little further down the road, offering a wide range of shops and services. Youll find several quality schools in the area, a bus service along Main Rd, as well as parks, reserves, beaches and pleasant walking tracks meandering along the waterfront. Here is a fantastic opportunity to own a modern, comfortable family home in a desirable location, and the long list of impressive features make this property a stylish and inviting place to live. Dont miss out contact Mel today to arrange an inspection. We have obtained all information in this document from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
9%
60.8%
-
-
$5,000
-$10,212
4.5%
3.1%
-12.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$500,000
Estimated Purchase Price
$520,000
Stamp Duty
$19,098
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$52,000
Reg. Mortgage
$152
LMI Premium
$11,495
Renovation Costs
-
Total Cash/Equity Required
$85,375
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
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
$16,300
$23,797
Interest Repayments
$30,888
$30,888
Net Cashflow Before Tax
-$14,588
-$7,091
Depreciation
-
-
Tax Offset
-$4,376
-$2,127
Net Cashflow After Tax
-$10,212
-$4,964
Assumptions
Year 1
Year 10
Property Value
6.8%
$560,700
$1,013,612
Loan Balance
I.O
$468,000
$468,000
$92,700
$545,612
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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 - 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