$440K
$81,259
"Welcome to 279 Vermont Road, an inviting house nestled in the charming area of Mowbray, Tasmania. Perfect for first home buyers, investors, and families looking for a blend of peaceful living with the convenience of urban accessibility. Set against the bucolic charm of Tasmanias rolling farmlands, this property offers a quiet retreat just moments away from the bustling centres of Mowbray and Launceston CBD. The residence, with its solid block wall construction and steel window frames, sits proudly on a sizeable plot of 613 square metres, with ample space for outdoor activities and a secure backyard for peace of mind. This threebedroom, onebathroom house has been thoughtfully updated to meet contemporary needs, including a modernised kitchen and bathroom. The living spaces, warmed by a reverse cycle heat pump, provide a cosy atmosphere all year round. Two bedrooms have been refreshed with new carpet, offering comfort and a hint of luxury. The property boasts a convenient lockup garage, ensuring parking for two vehicles, and builtin storage in the bedrooms enhances the homes functionality. Constructed in 1953 with a build size of 113m, the home retains its original charm while embracing modern amenities. Location is key, and 279 Vermont Road does not disappoint. The Mowbray shopping centre, University of Tasmania, Australian Maritime College campus, and Launceston CBD are all within easy reach, ensuring everything you need is on your doorstep. Disclaimer We have in preparing this listing used our best endeavours to ensure the information is true accurate. Prospective purchasers are advised to carry out their own investigation."
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70.7%
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-$30,000
-$9,135
4.6%
3.0%
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Asking Price
$420,000
Estimated Purchase Price
$450,000
Stamp Duty
$16,123
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$45,000
Reg. Mortgage
$152
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$73,853
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+8.8% PA
$1,830
$2,605
Rates
+3.0% PA
$2,089
$2,726
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
$13,681
$20,099
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$13,049
-$6,631
Depreciation
-
-
Tax Offset
-$3,915
-$1,989
Net Cashflow After Tax
-$9,135
-$4,642
Assumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$405,000
$405,000
$43,560
$405,890
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
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