$349K
$50,199
"OFFERS CLOSE TUESDAY 8th OCTOBER at 12 noon. Located in the tranquil area of Kayena, this delightful cottage offers a superb easterly aspect on a large 1935m block. Perfect for first home buyers, investors or keen renovators, this property combines charm, convenience, and potential. Property Features Bedrooms Two bedrooms, providing ample living space. Heating Conveniently heated with a wood heater, ensuring a cosy atmosphere during cooler months. Garage and Workshop Powered 2car garageworkshop, ideal for storage, hobbies, or projects. Carport Single carport for additional covered parking. Block Size Large 1935m block just under half an acre, offering plenty of space and potential for future development. Location Benefits Views The property boasts superb views that cannot be built out, ensuring lasting scenic beauty. Proximity to Water Walking distance to the jetty and pontoon at Bonnie Beach, perfect for water activities and enjoying the serene environment. Peaceful Setting Situated in a peaceful area, providing a quiet and relaxing lifestyle. Amenities 10 minutes to Beaconsfields shops, doctors school, 35 minutes to Launceston CBD This charming cottage on a spacious block is a mustsee for those looking to invest in a property with potential, enjoy a tranquil lifestyle, or embark on a renovation project. The combination of location, views, and space makes this a unique and appealing opportunity. Roberts Real Estate has made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitabilityusage requirements. All measurements and boundary lines are approximate."
Below are some similar properties in the area you may be interested in.
-
86.4%
$1.09M
4.8%
$25,000
-$7,934
4.5%
2.7%
-13.8%
6.0%
Asking Price
$375,000
Estimated Purchase Price
$350,000
Stamp Duty
$11,935
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$35,000
Reg. Mortgage
$152
LMI Premium
$7,737
Renovation Costs
-
Total Cash/Equity Required
$57,455
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+8.8% PA
$1,373
$1,954
Rates
+3.0% PA
$1,572
$2,051
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
$9,455
$14,023
Interest Repayments
$20,790
$20,790
Net Cashflow Before Tax
-$11,335
-$6,767
Depreciation
-
-
Tax Offset
-$3,400
-$2,030
Net Cashflow After Tax
-$7,934
-$4,737
Assumptions
Year 1
Year 10
Property Value
6.8%
$400,500
$724,009
Loan Balance
I.O
$315,000
$315,000
$85,500
$409,009
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
Education and Training - 14.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Days of Supply
Sold Price
Asking Price