$379K
$55,833
"1924 Vintage Appeal Main House Features 3 spacious bedrooms. Decorative fireplace mantles for added character. Original windows maintain classic style. Storage room off the front porch, convertible to a sunroom. Separate Flat Bedroom, ensuite, and kitchen space. Requires renovation but offers potential Facilities Extras 3 carports and extra parking for 2 cars. Shed and workshop area for versatile use. Renovation Opportunity Property requires updating but presents a blank canvas Prime Location Heart of Invermay, end of a quiet nothrough road. Near local shops, transport, schools, University and UTAS Stadium. Close proximity to local eateries Manu Bakery and Swamp Caf adds to the vibrant neighborhood. Entertainment Culture Enjoy the nearby Star Theatre, adding to the lifestyle appeal Unique Offering Explore the possibilities in this Invermay property. Council Rates approx. 1600 p.a. Water Rates approx. 1200 p.a."
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2%
51.2%
-
-
$75,000
-$2,901
6.9%
4.7%
-5.2%
6.0%
Asking Price
$379,000
Estimated Purchase Price
$340,000
Stamp Duty
$11,535
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$34,000
Reg. Mortgage
$152
LMI Premium
$7,516
Renovation Costs
-
Total Cash/Equity Required
$55,833
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
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
$16,052
$23,474
Interest Repayments
$20,196
$20,196
Net Cashflow Before Tax
-$4,144
$3,278
Depreciation
-
-
Tax Offset
-$1,243
$983
Net Cashflow After Tax
-$2,901
$2,294
Assumptions
Year 1
Year 10
Property Value
6.8%
$443,220
$801,236
Loan Balance
I.O
$306,000
$306,000
$137,220
$495,236
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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 Days of Supply
Sold Price
Asking Price