$495K
$77,967
Confidence
High
High
$525,000
Medium
$495,000
Low
$470,000
Confidence
Medium
"As you step inside 33 Pitcairn Street, Glenorchy, you are greeted by fresh paint, new flooring and a wide, light filled hallway guiding you to three spacious bedrooms an open living area. Some features include built in robes and an open fireplace infusing warmth and comfort. The distinct dining and kitchen spaces flow effortlessly into a generouslysized, fully enclosed sunroom with the ideal indooroutdoor flow to the backyard oasis. The family bathroom completes this impressive package offering a separate toilet, and shower over bath. The next fortunate owner will inherit a magnificent abode, primed for immediate living or the opportunity to develop the rear s.t.c.a The backyard offers a huge shed ideal for the home handyman or secure storage for the tradie and its secure yard is perfect for children or pets to roam freely. This dwelling presents an ideal option for both firsttime buyers and savvy investors. Glenorchys popularity and close proximity to amenities offer a rare chance to secure a property of such caliber. Act swiftly, as this exceptional offering is unlikely to linger on the market for long. Thinking of Selling If youre contemplating selling, dont hesitate to reach out to Nat Downton from Downton Property, honoured as the Number 1 Agent in Australia by the Real Estate Institute of Australia, and Hamish Reeve Australian finalist for Young Gun Agent for REB, for a noobligation free market appraisal."
2.9%
48.9%
-
-
$15,000
-$9,212
4.7%
3.2%
-11.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$495,000
Estimated Purchase Price
$480,000
Stamp Duty
$17,398
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$48,000
Reg. Mortgage
$152
LMI Premium
$10,611
Renovation Costs
-
Total Cash/Equity Required
$78,791
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,360
$31,825
Property Management
+8.8% PA
$1,968
$2,801
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
$15,351
$22,447
Interest Repayments
$28,512
$28,512
Net Cashflow Before Tax
-$13,161
-$6,065
Depreciation
-
-
Tax Offset
-$3,948
-$1,819
Net Cashflow After Tax
-$9,212
-$4,245
Assumptions
Year 1
Year 10
Property Value
6.8%
$528,660
$955,692
Loan Balance
I.O
$432,000
$432,000
$96,660
$523,692
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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