$649K
$101,533
"Introducing 9 Wyett Street, a lovely renovated 1940s brick home in West Launceston that has gorgeous views over the city and mountains. Ideally located just 4 minutes drive or walking distance to Launcestons CBD, the Launceston General Hospital, the spectacular Cataract Gorge, public transport, West Launcestons IGA and West Launceston Primary School. Tastefully updated kitchen and bathroom with European laundry, greatsized bedrooms with builtin wardrobes, lovely living space that captures the northfacing aspect and is sundrenched. Lovely backyard, fully fenced and secure for children and pets, lockup garage with offstreet parking. A charming property to make your own or readyset for investors. Built 1940 Land Size 650m2 Building Size 125m2 Council Rates Approx. 1500 per year Water Rates Approx. 1100 per year Zoning General Residential Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate"
Below are some similar properties in the area you may be interested in.
-
77.5%
$685K
4%
-$110,000
-$17,451
3.2%
2.1%
-15.7%
6.0%
Asking Price
$695,000
Estimated Purchase Price
$650,000
Stamp Duty
$24,623
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$65,000
Reg. Mortgage
$152
LMI Premium
$18,534
Renovation Costs
-
Total Cash/Equity Required
$110,939
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
$38,610
$38,610
Net Cashflow Before Tax
-$24,929
-$18,511
Depreciation
-
-
Tax Offset
-$7,479
-$5,553
Net Cashflow After Tax
-$17,451
-$12,958
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$585,000
$585,000
-$8,280
$457,573
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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