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$595K
$122,059
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High
-
Medium
-
Low
-
Confidence
This conveniently positioned home features 3 bedrooms, two with built-in robes, and is located just minutes from Somerville Primary, shops, cafes, public transport, and sporting facilities. The L-shaped lounge, complete with a reverse cycle air conditioner, offers enough space to include a dining area. The kitchen provides a gas hotplate, electric oven, dishwasher, pantry, and breakfast bench. A centrally-located family bathroom includes a separate toilet. The property also presents a single lock-up garage that connects to a large shed or workshop. While the home holds potential, it requires attention and some improvements to fully capitalize on its desirable location.
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79.8%
$699K
4.4%
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Try Picki for FREE$15,000
-$9,114
5.1%
Asking Price
$620,000
Estimated Purchase Price
$665,000
Stamp Duty
$34,970
Transfer Fee
$1,662
Conveyancing
$1,196
Deposit (10%)
$66,500
Reg. Mortgage
$129
LMI Premium
$18,962
Renovation Costs
-
Total Cash/Equity Required
$123,968
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,452
$1,895
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$26,480
$38,249
Interest Repayments
$39,501
$39,501
Net Cashflow Before Tax
-$13,021
-$1,252
Depreciation
-
-
Tax Offset
-$3,906
-$376
Net Cashflow After Tax
-$9,114
-$876
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$598,500
$598,500
$127,740
$714,369
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2021 Population
Suburbs
Retail Trade - 14.0%
Health Care and Social Assistance - 14.0%
Construction - 11.0%
Accommodation and Food Services - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
