$468K
$83,739
"Situated in the bluechip location of Soldiers Hill and sitting opposite a reserve, this property is perfect for the keen renovator who appreciates restoring homes in highly sought after areas. The home comprises 3 bedrooms, 2 with BIRs and look out over the reserve. The country style kitchen is a good size and features an impressive Euromaid oven. It also boasts ample bench and storage space with timber cupboards and a feature timber lined ceiling. Adjoining the kitchen is a separate dining area and lounge room giving an open plan feel. The bathroom has a shower over the corner spa and a separate toilet is located off the laundry. Additional features include timber lined walls and ceilings, decorative cornice and ceiling rose. Large shedding at the back of the block is perfect for the tradie or hobbyist who requires plenty of undercover work space and storage."
Below are some similar properties in the area you may be interested in.
1.5%
62.1%
-
-
$95,000
-$9,703
4.4%
3.0%
-11.6%
6.0%
Asking Price
$467,500
Estimated Purchase Price
$470,000
Stamp Duty
$23,270
Transfer Fee
$1,206
Conveyancing
$1,196
Deposit (10%)
$47,000
Reg. Mortgage
$129
LMI Premium
$10,390
Renovation Costs
-
Total Cash/Equity Required
$83,740
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,877
$2,449
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
$14,056
$20,616
Interest Repayments
$27,918
$27,918
Net Cashflow Before Tax
-$13,862
-$7,302
Depreciation
-
-
Tax Offset
-$4,158
-$2,191
Net Cashflow After Tax
-$9,703
-$5,111
Assumptions
Year 1
Year 10
Property Value
6.8%
$603,420
$1,090,840
Loan Balance
I.O
$423,000
$423,000
$180,420
$667,840
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
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