$745K
$122,055
Confidence
High
High
$765,000
Medium
$745,000
Low
$725,000
Confidence
Medium
"Discover the timeless allure of 35 Pitcairn Street, an upgraded threefour bedroom home where modern elegance meets vintage charm. Set on a spacious 642sqm block, this 1949 gem offers approximately 185sqm of meticulously designed living space over two dwellings, ideal for large or extended families or anyone seeking additional income. The opportunity sits at the rear of the home, with an approved studio. Previously functioning as a childcare facility, this versatile space with an additional entertaining area offers immense potential for various uses. Whether you envision continuing the current rental income stream, reestablishing a childcare business, or converting the space into a home business, studio, or guest accommodations the possibilities are endless. STCA This unique feature not only enhances the propertys value but also provides flexible options to suit your personal or investment needs. Current weekly income is broken down as follows House 460 per week Rear Dwelling 750 per week Total Income 1210 per week As you step through the entrance hall of the main house, the master bedroom greets you with warmth and style, featuring builtin robes for effortless organisation and a dualaccess bathroom for ultimate convenience. Across the hall, the bright and airy living and dining area invites you to gather with loved ones or unwind after a busy day. The versatile third bedroom seamlessly integrates into the living space, perfect for a guest room, home office, or creative studio. The heart of this home is its modern kitchen, fully equipped to inspire your culinary adventures. A convenient side door leads to the backyard, ideal for sunny afternoon gatherings. A dedicated laundry room adds to the homes practicality. 35 Pitcairn Street is more than just a house its a lifestyle. Experience the warmth of a crackling fireplace on a winter night, the joy of laughter in the sunlit living room, and the peace of finding your forever home. Dont miss your chance to own this enchanting property Contact Nat Downton today to schedule a viewing and experience the magic of 35 Pitcairn Street. Disclaimer The information provided is believed to be accurate but not guaranteed. Interested parties should conduct their own verification."
2.9%
48.9%
-
-
$25,000
-$17,532
3.5%
2.5%
-14.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$745,000
Estimated Purchase Price
$720,000
Stamp Duty
$27,598
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$72,000
Reg. Mortgage
$152
LMI Premium
$20,530
Renovation Costs
-
Total Cash/Equity Required
$122,910
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+8.8% PA
$2,196
$3,126
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
$17,723
$25,822
Interest Repayments
$42,768
$42,768
Net Cashflow Before Tax
-$25,045
-$16,946
Depreciation
-
-
Tax Offset
-$7,514
-$5,084
Net Cashflow After Tax
-$17,532
-$11,862
Assumptions
Year 1
Year 10
Property Value
6.8%
$795,660
$1,438,364
Loan Balance
I.O
$648,000
$648,000
$147,660
$790,364
Below are some similar properties in the area you may be interested in.
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