$485K
$79,613
Confidence
Medium
High
$540,000
Medium
$470,000
Low
$400,000
Confidence
Medium
"Located on the corner of Shadforth Street and Adelaide Street, this charming period cottage was one of the first private homes built in Westbury in an area referred to in the town as The Ritchies. Offering lovely rural views from the front verandah of this early 1850s cottage, towards and within a short walking distance of Westbury Village Green and Town Common. Filled with sun for most of the day morning sun into the aptly named sunroomdining room and afternoon westerly sun into the bedrooms. Some of the original charms of the home are still visible the beautiful hardwood flooring, concrete window aprons and window lead lighting. Although the kitchen is original it is a perfectly functional room with loads of space and as it adjoins the sunroomdining room there is potential to reconfigure if you choose. Practical family bathroom with a shower over bath and large wet room which could be reconfigured back into a laundry. The sleeping accommodation is flexible, with 3 designated bedrooms offering comfort for the professional couple or growing family. Your choice of gorgeous radiant heat comes from either an open wood fire or the builtin Saxon woodfire and if the fire goes out there is a choice of two reverse cycle air conditioning units to take the chill off the winter air. The secure flat yard offers a low maintenance garden, established mature trees and loads of space for children or pets to enjoy. The brick bungalow, separate to the house, would make a great sleep out for guests, a teenagers retreat, studyoffice, or perhaps additional shortterm accommodation STCA. There is another outbuilding that backs off the freestanding single garage 2 rooms that could be used for additional storage with a second toilet. The classic 19thcentury village is a lovely reminder of old England with its hawthorn hedgerows, narrow lanes, tree lined streets and its many elegant properties. Walk to the local school, the Post Office, the Heritage listed Village Green, bus stop and to some of the charming local shops that Westbury is becoming known for Western Tiers Distillery, Little Marneys Town Country gift store and Love Lucy Boots, touted to be the best coffee in the Meander Valley area. This represents a unique opportunity to live within a thriving, growing community and with Launceston a 25minute drive away, and Devonport a 45 minute one, the big smoke is well within reach when you need it to be. 3 good bedrooms. 1 family bathroom. Large laundrywetroom with rear access. Electric heating wood heating. Kitchendining combined. Separate living room separate diningsunroom. Bungalow separate from the house. Seperate storage room with toilet. Single lockup garage plus off street parking. Established low maintenance garden upon a secure 522 sqm parcel. Howell Property Group 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 its validity. Prospective clients are advised to carry out their own investigations."
3.6%
78.7%
-
-
-$30,000
-$11,454
3.9%
2.7%
-13.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$499,000
Estimated Purchase Price
$500,000
Stamp Duty
$18,248
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$50,000
Reg. Mortgage
$152
LMI Premium
$11,053
Renovation Costs
-
Total Cash/Equity Required
$82,083
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,500
$27,755
Property Management
+8.8% PA
$1,716
$2,442
Rates
+3.0% PA
$1,247
$1,627
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
$13,337
$19,510
Interest Repayments
$29,700
$29,700
Net Cashflow Before Tax
-$16,363
-$10,190
Depreciation
-
-
Tax Offset
-$4,909
-$3,057
Net Cashflow After Tax
-$11,454
-$7,133
Assumptions
Year 1
Year 10
Property Value
6.8%
$501,960
$907,424
Loan Balance
I.O
$450,000
$450,000
$51,960
$457,424
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 16.0%
Health Care and Social Assistance - 14.0%
Retail Trade - 10.0%
Manufacturing - 9.0%
Others - 51.0%
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