$795K
$122,055
"Located in the highly sought after Mount Pleasant Estate subdivision, this impressively designed family home is set on a well fenced 763m2 block. Built in 2013 the house has recently been enhanced by a substantial solar system. Importantly it is in close proximity to schools, shops and transport. The sun filled spacious open plan family area forms the central hub of the home and the kitchen is well laid out with quality appliances including a dishwasher, ample cupboards plus a walkin pantry. A separate second living area makes an ideal media room. The master bedroom has a walk in robe and ensuite. The other 3 bedrooms all have built in robes. Access from the family area to the indooroutdoor undercover area connects to a fully landscaped yard making entertaining a delight. This home has a large reverse cycle air conditioner which can be ducted to all rooms as required for the perfect climate control, ably assisted by stylish plantation shutters. The double garage has a remote door with large builtin cupboards for storage with internal access to the home as well as a rear access door to the yard. There is also a second driveway providing additional secure parking for your caravan, boat or trailer. Call today to arrange your private inspection."
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Asking Price
$795,000
Estimated Purchase Price
$735,000
Stamp Duty
$28,260
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$73,500
Reg. Mortgage
$152
LMI Premium
$20,958
Renovation Costs
-
Total Cash/Equity Required
$125,500
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
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
$16,052
$23,474
Interest Repayments
$43,659
$43,659
Net Cashflow Before Tax
-$27,607
-$20,185
Depreciation
-
-
Tax Offset
-$8,282
-$6,056
Net Cashflow After Tax
-$19,325
-$14,130
Assumptions
Year 1
Year 10
Property Value
6.8%
$566,040
$1,023,266
Loan Balance
I.O
$661,500
$661,500
-$95,460
$361,766
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price