$695K
$120,345
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Try Picki for FREEConfidence
High
High
$720,000
Medium
$680,000
Low
$640,000
Confidence
Medium
Located in the sought-after suburb of Norwood, this well-maintained home offers a blend of style, comfort, and privacy. Set on a spacious 966sqm block with a private driveway leading to a secure double lockup garage, the property ensures convenience and peace of mind. It features three roomy bedrooms and two modern bathrooms, with an added powder room in the versatile rumpus that can be transformed for various uses. The home is accentuated with sleek, renovated bathrooms and surrounded by tranquil gardens, offering an ideal retreat for relaxation. With proximity to schools, shops, medical centers, and parks, it promises a family-friendly and convenient Norwood lifestyle.
Trusted by over 13k property buyers and counting...
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54.4%
$628K
4.8%
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Try Picki for FREE-$35,000
-$14,758
4.1%
Asking Price
$695,000
Estimated Purchase Price
$705,000
Stamp Duty
$26,960
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$70,500
Reg. Mortgage
$152
LMI Premium
$20,102
Renovation Costs
-
Total Cash/Equity Required
$120,345
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+8.8% PA
$2,517
$3,582
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
$20,794
$30,224
Interest Repayments
$41,877
$41,877
Net Cashflow Before Tax
-$21,083
-$11,653
Depreciation
-
-
Tax Offset
-$6,325
-$3,496
Net Cashflow After Tax
-$14,758
-$8,157
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$715,560
$1,293,562
Loan Balance
I.O
$634,500
$634,500
$81,060
$659,062
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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
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price