$225K
$42,804
"Situated in the heart of Heywood is this fantastic opportunity to run your business in the shop front and live in the residential home attached behind, or to purchase as an investment to receive twice the rental return from one property. The shop front is currently set up as a caf and features a dining area, kitchen facilities and a cool roomdrinks fridge. The residential home is located at the rear of the property with great privacy and boasts open plan living with a wood fire heater, three decent sized bedrooms, bathroom and combined laundry, landscaped courtyard and a large undercover carport with double gates fully enclosing the property. The home has also been recently painted throughout, restumped and has a new roof."
Below are some similar properties in the area you may be interested in.
7%
52.7%
$400K
3.9%
$130,000
-$1,917
7.4%
4.6%
-5.5%
6.0%
Asking Price
$225,000
Estimated Purchase Price
$210,000
Stamp Duty
$7,670
Transfer Fee
$597
Conveyancing
$1,196
Deposit (10%)
$21,000
Reg. Mortgage
$129
LMI Premium
$3,588
Renovation Costs
-
Total Cash/Equity Required
$34,730
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$1,399
$1,825
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
$9,735
$14,409
Interest Repayments
$12,474
$12,474
Net Cashflow Before Tax
-$2,739
$1,935
Depreciation
-
-
Tax Offset
-$822
$580
Net Cashflow After Tax
-$1,917
$1,354
Assumptions
Year 1
Year 10
Property Value
6.8%
$363,120
$656,435
Loan Balance
I.O
$189,000
$189,000
$174,120
$467,435
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 14.0%
Manufacturing - 13.0%
Retail Trade - 9.0%
Others - 50.0%
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