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$1.1M
$208,278
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,050,000
Medium
$1,000,000
Low
$950,000
Confidence
Medium
This freehold property in Nagambie's commercial precinct offers strong investment potential. Recently renovated, it houses three secure tenants generating an income of $70,000 from a 3-bedroom home and the business Eighteen Sixty Next Door. The property spans 508m2 and features rear access from Filson Street. Additionally, the adjoining property at 314 High Street is on the market, presenting further investment opportunities.
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66.2%
$420K
9.6%
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Try Picki for FREE-$105,000
-$31,252
2.6%
Asking Price
$1,100,000
Estimated Purchase Price
$1,105,000
Stamp Duty
$60,775
Transfer Fee
$2,691
Conveyancing
$1,196
Deposit (10%)
$110,500
Reg. Mortgage
$129
LMI Premium
$31,508
Renovation Costs
-
Total Cash/Equity Required
$207,349
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$2,142
$2,795
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
$20,991
$30,517
Interest Repayments
$65,637
$65,637
Net Cashflow Before Tax
-$44,646
-$35,120
Depreciation
-
-
Tax Offset
-$13,394
-$10,536
Net Cashflow After Tax
-$31,252
-$24,584
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$994,500
$994,500
$73,500
$936,190
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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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
