$495K
$81,259
"Welcome to 22 Pomona Road, Riverside a beautifully presented 3bedroom, 2bathroom weatherboard home that is sure to impress the moment you arrive. The current owners have poured love and attention into this property, resulting in a home that exudes charm and comfort, now ready to welcome its new owners. Step inside, and youll find three wellappointed bedrooms, all featuring builtin robes. The main bedroom is a highlight, boasting a stylish ensuite for added convenience. The main bathroom makes clever use of space with a showeroverbath design, while a separate powder room adds an extra level of practicality for guests and family alike. The openplan living area is a true delight, bathed in natural sunlight with ample room for a large lounge and dining table. Comfort is assured all year round with both a reverse cycle air conditioner and a cozy wood heater, making it an inviting space to relax in. The living area flows effortlessly into the kitchen, creating an ideal environment for easy living. The kitchen itself is wellequipped with stainless steel appliances, ample storage, and excellent access to an outdoor dining area, perfect for entertaining. Outside, the property continues to impress with a fully fenced, lowmaintenance rear yard. The standout feature is a fantastic undercover entertaining space, perfect for gatherings or relaxing outdoors. Parking is a breeze with a single carport and a large concrete area at the front of the home providing additional offstreet parking options. Conveniently located between the shopping hubs of Trevallyn and Riverside, and surrounded by an array of public and private schools, sporting facilities, and the Riverside Golf Course, 22 Pomona Road ticks all the boxes for modern family living. This home offers a perfect blend of comfort, style, and convenience dont miss the chance to make it yours Beautifully updated throughout Three spacious bedrooms with built in robes Two stylish bathrooms Great natural light throughout 5.5Kw Solar panels Low maintenance living. Year Built 1956 House Size 120 sqm Land Size 523 sqm Council Rates 1,765pa approx Water Rates 1,110pa approx Municipality West Tamar Council School Catchments Riverside Primary Riverside High School Zoning General Residential Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations."
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74.7%
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$35,000
-$8,984
4.7%
3.4%
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Asking Price
$495,000
Estimated Purchase Price
$495,000
Stamp Duty
$18,035
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$49,500
Reg. Mortgage
$152
LMI Premium
$10,943
Renovation Costs
-
Total Cash/Equity Required
$81,260
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
Rates
+3.0% PA
$1,572
$2,051
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
$16,569
$24,148
Interest Repayments
$29,403
$29,403
Net Cashflow Before Tax
-$12,834
-$5,255
Depreciation
-
-
Tax Offset
-$3,850
-$1,576
Net Cashflow After Tax
-$8,984
-$3,678
Assumptions
Year 1
Year 10
Property Value
6.8%
$566,040
$1,023,266
Loan Balance
I.O
$445,500
$445,500
$120,540
$577,766
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2021 Population
Suburbs
Education and Training - 14.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price