$399K
$69,737
"Nestled in the heart of Northern Tasmania, 774 Whitemore Road offers a rare opportunity to own a charming 1950s cottage in an idyllic rural setting. Strategically positioned along one of the states vibrant tourism routes, this property combines the tranquillity of country living with the convenience of being just 15 minutes from Launcestons CBD. Surrounded by picturesque farming land, Whitemore is a welcoming community that boasts recreation grounds, tennis courts, a cricket club, and easy access to local shops, services, and schools. The cottage itself has been tastefully updated throughout, featuring a renovated kitchen and neutral colour scheme that adds a fresh, modern feel while maintaining its original character. With three spacious bedrooms, one wellmaintained bathroom, wood heating, and a reverse cycle heat pump, the home provides comfort yearround. Additional features include offstreet parking and a storage shed for practical living. Set against the stunning backdrop of the Western Tiers and rolling countryside, this property is perfect for those seeking a peaceful lifestyle while remaining close to city amenities. Whether youre looking for a serene retreat or an exciting opportunity along a thriving tourism route, this property has endless potential. 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 investigations."
Below are some similar properties in the area you may be interested in.
-
56.8%
-
-
-$160,000
-$8,538
4.2%
2.6%
-14.1%
6.0%
Asking Price
$399,000
Estimated Purchase Price
$370,000
Stamp Duty
$12,735
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$37,000
Reg. Mortgage
$152
LMI Premium
$8,179
Renovation Costs
-
Total Cash/Equity Required
$60,697
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+8.8% PA
$1,373
$1,954
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
$9,780
$14,447
Interest Repayments
$21,978
$21,978
Net Cashflow Before Tax
-$12,198
-$7,531
Depreciation
-
-
Tax Offset
-$3,659
-$2,259
Net Cashflow After Tax
-$8,538
-$5,271
Assumptions
Year 1
Year 10
Property Value
6.8%
$224,280
$405,445
Loan Balance
I.O
$333,000
$333,000
-$108,720
$72,445
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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.
2016 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