$899K
$138,514
"Situated in one of the citys most coveted central locations, mere steps from Brickfields Park, cafes, and eateries, stands this impeccable contemporary townhouse boasting seamless indoor outdoor living, security and style. Welcome to Balfour Court comprising of just 12 executive townhouses within a gated community. With a click you enter the gated complex and into a spacious double garage with secure entry into the home. You may be downsizing but not compromising, expansive living spaces highlighted by a chefinspired kitchen and dining area. The spacious island bench is perfect for entertaining and seamlessly connects to the outdoor dining, where an oversized electric awning provides shade and comfort all year round. The family room on this level is spacious enough for gatherings yet retains a cozy ambiance, with a large flat screen integrated seamlessly into the main wall. On the upper level, you have three large bedrooms, all with builtin robes, and a sizable family bathroom with a separate toilet. The Master suite, is the largest accommodation room, offering ensuite, walkin robe with generous storage. Just a 10minute, level stroll from Launcestons CBD, this property is nestled within a gated community, offering security and privacy alongside the luxury and convenience of innercity living."
Below are some similar properties in the area you may be interested in.
6.9%
52.6%
$595K
4.2%
-$130,000
-$26,184
2.5%
1.7%
-17.4%
6.0%
Asking Price
$950,000
Estimated Purchase Price
$880,000
Stamp Duty
$34,785
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$88,000
Reg. Mortgage
$152
LMI Premium
$25,092
Renovation Costs
-
Total Cash/Equity Required
$150,660
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,100
$31,455
Property Management
+8.8% PA
$1,945
$2,768
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
$14,866
$21,786
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$37,406
-$30,486
Depreciation
-
-
Tax Offset
-$11,222
-$9,146
Net Cashflow After Tax
-$26,184
-$21,340
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$792,000
$792,000
$9,000
$656,017
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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