$349K
$63,153
Confidence
High
High
$660,000
Medium
$600,000
Low
$540,000
Confidence
Medium
"Are you ready to unleash your inner renovator or developer Look no further than this intriguing property at 21 Bridge Street, Ross. With its potential for transformation, this property presents a unique opportunity for those with vision and ambition. Situated in a soughtafter area of Ross, this property offers convenience and potential for capital growth. With amenities, schools, and transportation links nearby, its a location that promises both convenience and lifestyle. Whether youre a seasoned renovator or a developer seeking your next project, this property offers immense potential. From a complete renovation to a total rebuild, the options are only limited by your imagination. With the interior stripped bare, this property offers a blank canvas for your creative vision. Whether you envision a contemporary masterpiece or wish to restore its former glory, the choice is yours. Spanning 3,619 sqm, the property provides ample space for expansion or redevelopment. With a sizable landholding, theres room to explore various possibilities, including extensions, subdivisions, or even multiple dwellings subject to council approval. In an area experiencing growth and revitalisation, investing in this property could yield substantial returns in the long term. With strategic planning and execution, your investment could be the start of something truly remarkable. This property represents an exciting opportunity for those with the vision and determination to unlock its true potential. Whether youre a savvy investor, a developer with grand plans, or a homeowner looking for a project, this property is a diamond in the rough waiting to shine. Dont miss this chance to make your mark on the property market. Contact Jack Ryan today to seize this opportunity and turn your dreams into reality. Harcourts Northern Midlands has obtained all information in the document from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to conduct their own investigations."
2.1%
77.2%
-
-
$225,000
-$5,632
5.5%
3.8%
-9.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$349,000
Estimated Purchase Price
$375,000
Stamp Duty
$12,935
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$37,500
Reg. Mortgage
$152
LMI Premium
$8,290
Renovation Costs
-
Total Cash/Equity Required
$61,507
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
$1,540
$2,009
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
$14,230
$20,815
Interest Repayments
$22,275
$22,275
Net Cashflow Before Tax
-$8,045
-$1,460
Depreciation
-
-
Tax Offset
-$2,414
-$438
Net Cashflow After Tax
-$5,632
-$1,022
Assumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$337,500
$337,500
$303,300
$820,914
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Location, 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
Manufacturing - 17.0%
Agriculture, Forestry and Fishing - 17.0%
Transport, Postal and Warehousing - 9.0%
Retail Trade - 8.0%
Others - 49.0%
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