$499K
$95,547
"Now is your chance to build your dream home on this gorgeous, almost acre, property overlooking the Tamar region. This is a very rare opportunity, as there are not many properties that own all the way to the highwater line left on the river. This property is surrounded by very expensive homes and is in a very prestigious part of the West Tamar with vineyards close by. This property truly is a sun trap and you will get an abundance of sun throughout the day. On the other side of the river is Native Point, which will never be built out, so the view you see is the one you will always have. Now is your time build your dream home and once you get your keys you will enjoy many nights entertaining guests with a glass of wine watching the sun go down. For more information call Peter Lees real estate today. Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries. Boundary lines are indicative only."
Below are some similar properties in the area you may be interested in.
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85.9%
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$165,000
-$18,990
2.1%
1.1%
-19.9%
6.0%
Asking Price
$499,000
Estimated Purchase Price
$560,000
Stamp Duty
$20,798
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$56,000
Reg. Mortgage
$152
LMI Premium
$15,968
Renovation Costs
-
Total Cash/Equity Required
$95,548
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$11,960
$17,023
Property Management
+8.8% PA
$1,052
$1,498
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
$6,136
$9,298
Interest Repayments
$33,264
$33,264
Net Cashflow Before Tax
-$27,128
-$23,966
Depreciation
-
-
Tax Offset
-$8,139
-$7,190
Net Cashflow After Tax
-$18,990
-$16,776
Assumptions
Year 1
Year 10
Property Value
6.8%
$774,300
$1,399,750
Loan Balance
I.O
$504,000
$504,000
$270,300
$895,750
Did you know you need to engage a conveyancer when buying a property?
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price