$359K
$64,799
"This home in Mowbray offers a flexible layout, making it an ideal choice for firsttime buyers or investors. With four bedrooms, a separate lounge, and a combined kitchendining area, this property has been freshly updated with new carpeting and a full interior repaint. The home features one bathroom and two separate toilets, providing convenience for a busy household. Currently configured to accommodate five bedrooms, this property offers versatility for a growing family or rental opportunities. It also includes a carport and additional offstreet parking for another vehicle, and a garden shed for extra storage. Located within walking distance to Mowbray Shopping Centre and close to public transport links, the Newnham University Campus, the Maritime College, Mowbray Primary School and Launceston Grammar School senior campus, this home is perfectly positioned for ease of living. A short drive to the CBD adds to its appeal, ensuring youre never far from the action. Council Rates approx. 1700 p.a. Water Rates approx. 1200 p.a."
Below are some similar properties in the area you may be interested in.
3.1%
34.6%
-
-
-$25,000
-$7,263
5.1%
3.4%
-10.9%
6.0%
Asking Price
$379,000
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
$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
$24,057
$24,057
Net Cashflow Before Tax
-$10,376
-$3,958
Depreciation
-
-
Tax Offset
-$3,113
-$1,187
Net Cashflow After Tax
-$7,263
-$2,771
Assumptions
Year 1
Year 10
Property Value
6.8%
$405,840
$733,662
Loan Balance
I.O
$364,500
$364,500
$41,340
$369,162
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.
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