Withheld
$2,397
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$825,000
Medium
$775,000
Low
$725,000
Confidence
Medium
This property offers a prime development opportunity with existing approval for 76 new dwellings across 4 hectares of General Residential zoned land. It features a currently tenanted four-bedroom home on 13.1 hectares of Landscape Conservation zoned land, with additional income from a Telstra Tower lease. Located just 5 km from MONA, the site has potential for tourism, short-stay accommodation, or restaurants under certain conditions. An appraised home value of $950,000 and flexible settlement terms add to its appeal, along with a potential lease sale offering of $170,000 to $200,000.
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2021 Population
Suburbs
Manufacturing - 16.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 11.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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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%
75.4%
$713K
2.9%
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-$13,884
4.4%
Asking Price
-
Estimated Purchase Price
$775,000
Stamp Duty
$30,060
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$77,500
Reg. Mortgage
$152
LMI Premium
$22,098
Renovation Costs
-
Total Cash/Equity Required
$132,441
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+8.8% PA
$2,974
$4,233
Rates
+3.0% PA
$1,425
$1,859
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
$26,201
$37,840
Interest Repayments
$46,035
$46,035
Net Cashflow Before Tax
-$19,834
-$8,195
Depreciation
-
-
Tax Offset
-$5,950
-$2,459
Net Cashflow After Tax
-$13,884
-$5,737
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$827,700
$1,496,285
Loan Balance
I.O
$697,500
$697,500
$130,200
$798,785