$585K
$110,084
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$630,000
Medium
$585,000
Low
$540,000
Confidence
Medium
Experience the potential of 17 Wrights Ave, a versatile property in Glenorchy's CBD. Comprising two self-contained units, each with its own kitchen and two bedrooms, it offers a dynamic investment with a 6.5% gross rental return. Recent upgrades meld modern comfort with classic charm, featuring reverse cycle heating and solid timber floors. A single car garage and level entry enhance accessibility. An opportunity not to be missed in a prime location with diverse income potential.
Trusted by over 13k property buyers and counting...
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48.9%
$482K
4.9%
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Try Picki for FREE-$30,000
-$11,838
4.4%
Asking Price
$585,000
Estimated Purchase Price
$615,000
Stamp Duty
$23,135
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$61,500
Reg. Mortgage
$152
LMI Premium
$17,536
Renovation Costs
-
Total Cash/Equity Required
$104,953
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+8.8% PA
$2,380
$3,387
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
$19,619
$28,522
Interest Repayments
$36,531
$36,531
Net Cashflow Before Tax
-$16,912
-$8,009
Depreciation
-
-
Tax Offset
-$5,073
-$2,403
Net Cashflow After Tax
-$11,838
-$5,606
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$624,780
$1,129,454
Loan Balance
I.O
$553,500
$553,500
$71,280
$575,954
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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
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Trusted by over 13,000 property buyers and counting...
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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