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$625K
$109,229
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Try Picki for FREEConfidence
High
High
$620,000
Medium
$580,000
Low
$540,000
Confidence
Medium
Experience the perfect blend of comfort and potential at this Richards Road property in Berriedale. Spanning a large 2,377m² block, this home features 3 bedrooms, 1 bathroom, and offers exciting possibilities for future development STCA. Enjoy the cosy layout with a seamless flow from the kitchen through to the spacious lounge, complete with high ceilings and a wood fire for warmth. A spa bath in the bathroom, a convenient separate toilet, and an internal laundry add practical touches. Take in the hillside views from a large deck, perfect for gatherings. A triple shed and ample parking make this property an attractive option, ideally located near essential amenities, schools, and public transport. This charming and spacious property offers a promising investment opportunity not to be missed.
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Manufacturing - 14.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 52.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
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%
80.6%
$585K
4.9%
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Try Picki for FREE-$55,000
-$13,998
3.9%
Asking Price
$625,000
Estimated Purchase Price
$635,000
Stamp Duty
$23,985
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$63,500
Reg. Mortgage
$152
LMI Premium
$18,106
Renovation Costs
-
Total Cash/Equity Required
$108,374
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+8.8% PA
$2,196
$3,126
Rates
+3.0% PA
$1,841
$2,402
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
$17,723
$25,822
Interest Repayments
$37,719
$37,719
Net Cashflow Before Tax
-$19,996
-$11,897
Depreciation
-
-
Tax Offset
-$5,999
-$3,569
Net Cashflow After Tax
-$13,998
-$8,328
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$571,500
$571,500
$47,940
$548,300
