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$1.3M
$232,109
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$1,150,000
Medium
$1,050,000
Low
$950,000
Confidence
Medium
Located in the desirable Lake Wendouree area, this spacious 1950s brick veneer home offers numerous possibilities. Sitting on a generous 1,320 sqm block, the property features a north-facing garden opposite North Gardens. It includes three naturally lit bedrooms and large open living spaces that connect with the expansive backyard. Ideal for entertaining or outdoor activities, the yard features a sizable shed and a versatile studio perfect for various uses. Close to popular cafes, schools, and parks, this property is a unique chance to renovate, extend, or redevelop.
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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
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
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
Below are some similar properties in the area you may be interested in.
0%
78.8%
$700K
3.6%
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Try Picki for FREE-$190,000
-$40,040
1.9%
Asking Price
$1,300,000
Estimated Purchase Price
$1,240,000
Stamp Duty
$68,200
Transfer Fee
$3,007
Conveyancing
$1,196
Deposit (10%)
$124,000
Reg. Mortgage
$129
LMI Premium
$38,800
Renovation Costs
-
Total Cash/Equity Required
$235,882
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,456
$24,032
Interest Repayments
$73,656
$73,656
Net Cashflow Before Tax
-$57,200
-$49,624
Depreciation
-
-
Tax Offset
-$17,160
-$14,887
Net Cashflow After Tax
-$40,040
-$34,737
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,121,400
$2,027,224
Loan Balance
I.O
$1,116,000
$1,116,000
$5,400
$911,224
