$499K
$95,547
"Located in the popular community of Gravelly Beach, and situated only 1 street away from the waters edge, is an amazing opportunity. Build your 2storey dream home STCA, where you can capture the water views and enjoy the ever changing river. There are house plans included in the sale meaning some of the work has already been done Or perhaps you might like to complete a full renovation of the existing 2 bedroom dwelling. This property is in a great location, within walking distance to cafes, restaurants, play park and more. Situated in the West Tamar Region which is famous for its wine routes and has a growing tourism industry. Call today for more information. Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries. Boundary lines are indicative only."
Below are some similar properties in the area you may be interested in.
-
78.2%
$426K
5.7%
$40,000
-$5,815
5.3%
3.3%
-11.6%
6.0%
Asking Price
$280,000
Estimated Purchase Price
$315,000
Stamp Duty
$10,535
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$31,500
Reg. Mortgage
$152
LMI Premium
$5,382
Renovation Costs
-
Total Cash/Equity Required
$50,200
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+8.8% PA
$1,464
$2,084
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
$10,404
$15,373
Interest Repayments
$18,711
$18,711
Net Cashflow Before Tax
-$8,307
-$3,338
Depreciation
-
-
Tax Offset
-$2,492
-$1,001
Net Cashflow After Tax
-$5,815
-$2,336
Assumptions
Year 1
Year 10
Property Value
6.8%
$379,140
$685,395
Loan Balance
I.O
$283,500
$283,500
$95,640
$401,895
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