$795K
$153,262
Confidence
High
High
$600,000
Medium
$570,000
Low
$540,000
Confidence
High
"Situated in an elevated position in the ever popular suburb of Berriedale is this beautifully presented 214sqm multigenerational home. This 4 bedroom, 3 bathroom residence with breathtaking water views faces North East, taking in a spellbinding vista of parts of the northern suburbs, the eastern shore, Derwent River, Bowen Bridge and one of Tasmanias best known tourist and architectural landmarks, MONA. The top floor has 3 good sized bedrooms, ensuite and family bathroom, modern kitchen with adjoining dining area, formal lounge which seamlessly flows onto the north east and north west facing wraparound balcony, plus a secure 2 car garage with internal access. The lower floor is perfect if you have a relative who you would like to live close by yet still giving them autonomy without compromising everyones lifestyle. A large bedroom, rumpus or living area, bathroom with toilet and deck complete the picture. With only local traffic going past the front door, the property enjoys a serene and peaceful atmosphere and offers loads of space for the growing family who love entertaining outside during our warmer summer days and evenings, plus the perfect under house storage area should you be a lover and collector of wines. Constructed in 1993, this house also boasts some hardwood flooring, split system air conditioning, an alarm system, quality European appliances in the kitchen, internal stairs between the 2 floors and the obligatory garden shed. Located in a desirable neighbourhood, this property is close to schools, the local corner store, Northgate and Claremont Village shopping centres, and public transport."
1.7%
80%
$623K
5%
-$325,000
-$24,144
2.9%
2.1%
-15.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$795,000
Estimated Purchase Price
$895,000
Stamp Duty
$35,460
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$89,500
Reg. Mortgage
$152
LMI Premium
$25,520
Renovation Costs
-
Total Cash/Equity Required
$153,262
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+8.8% PA
$2,288
$3,257
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
$18,671
$27,172
Interest Repayments
$53,163
$53,163
Net Cashflow Before Tax
-$34,492
-$25,991
Depreciation
-
-
Tax Offset
-$10,348
-$7,797
Net Cashflow After Tax
-$24,144
-$18,194
Assumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$805,500
$805,500
-$196,740
$294,993
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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