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$399K
$66,445
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This charming and well-maintained brick unit in Norwood offers two spacious bedrooms with built-in wardrobes, and an open-plan living area. The modern kitchen is equipped with quality appliances, enhancing the unit’s comfort and functionality. Convenience is key with its single lock-up garage that provides internal access, and a flat, low-maintenance block of 566 sqm for easy living. It includes a separate laundry space and ample parking. Built in 1992, this property promises a quiet, central living experience with estimates of rental income between $400-$440 per week.
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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
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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
3.4%
83.1%
$670K
5.4%
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Try Picki for FREE$45,000
-$7,927
4.9%
Asking Price
$399,000
Estimated Purchase Price
$405,000
Stamp Duty
$14,210
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$40,500
Reg. Mortgage
$152
LMI Premium
$8,953
Renovation Costs
-
Total Cash/Equity Required
$66,445
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+8.8% PA
$1,739
$2,475
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
$12,732
$18,749
Interest Repayments
$24,057
$24,057
Net Cashflow Before Tax
-$11,325
-$5,308
Depreciation
-
-
Tax Offset
-$3,397
-$1,592
Net Cashflow After Tax
-$7,927
-$3,716
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$364,500
$364,500
$116,100
$504,310
