$696K
$118,634
"On a generous corner block with dual access. This wonderful home offers space and comfort for the whole family. The striking and spacious kitchen with granite benches, glass splash back, Gas cooktop and quality oven and dishwasher plus plenty of storage. From the kitchen area, easy access to the separate dining room and formal lounge room. A second living room opening to a deck is found on the first floor, adjacent to the Primary bedroom with builtins and ensuite. A great escape to sit and relax whilst you enjoy the view. Three bedrooms on the ground floor, one with stairs to a study or gym. A bathroom on each level ensures access for the whole family. Ducted heat pump system ensures all yearround comfort. Outdoors, you will find a courtyard, garage with sundeck, storage under the house and a carport. Landscaped and nicely set out with room for a caravan. This home combines character with modern convenience. A really lovely place to call home."
Below are some similar properties in the area you may be interested in.
7%
53.5%
$510K
5.1%
-$5,000
-$14,010
4.2%
3.1%
-11.8%
6.0%
Asking Price
$696,000
Estimated Purchase Price
$695,000
Stamp Duty
$26,535
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$69,500
Reg. Mortgage
$152
LMI Premium
$19,817
Renovation Costs
-
Total Cash/Equity Required
$118,634
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$29,120
$41,447
Property Management
+8.8% PA
$2,563
$3,647
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
$21,268
$30,899
Interest Repayments
$41,283
$41,283
Net Cashflow Before Tax
-$20,015
-$10,384
Depreciation
-
-
Tax Offset
-$6,004
-$3,115
Net Cashflow After Tax
-$14,010
-$7,269
Assumptions
Year 1
Year 10
Property Value
6.8%
$736,920
$1,332,176
Loan Balance
I.O
$625,500
$625,500
$111,420
$706,676
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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
Average Population
projected
for 2024 to 2026
Average Vacancy Rate
Average Days of Supply