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$425K
$63,153
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Try Picki for FREEConfidence
Medium
High
$530,000
Medium
$475,000
Low
$420,000
Confidence
Low
This charming cottage, nestled on a tranquil road, offers a peaceful lifestyle near the Tamar River. The house features an efficient open plan living and dining area, three bedrooms (two with built-in robes), and a functional kitchen designed for ease of use. A cozy undercover patio is perfect for relaxation, while the property also includes a workshop with laundry facilities. With both a wood heater and heat pump, the home ensures comfort throughout the year. Set on a low maintenance, flat block, this property is ideal for investors, first home buyers, or those looking to downsize. Its prime location offers easy access to local attractions, including a 10-minute reach to Exeter schools, a 20-minute drive to the Legana shopping precinct, and a 35-minute commute to Launceston CBD.
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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
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
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
0%
95%
$834K
3.2%
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Try Picki for FREE$35,000
-$9,021
4.5%
Asking Price
$475,000
Estimated Purchase Price
$440,000
Stamp Duty
$15,698
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$44,000
Reg. Mortgage
$152
LMI Premium
$9,727
Renovation Costs
-
Total Cash/Equity Required
$72,207
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+8.8% PA
$1,739
$2,475
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
$13,249
$19,423
Interest Repayments
$26,136
$26,136
Net Cashflow Before Tax
-$12,887
-$6,713
Depreciation
-
-
Tax Offset
-$3,866
-$2,014
Net Cashflow After Tax
-$9,021
-$4,699
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$396,000
$396,000
$111,300
$521,078
