Withheld
$145,916
"Discover an incredible opportunity at 125 Scoresby Road, Bayswater, where your vision for the future can truly come to life. This charming property offers a delightful and versatile canvas, featuring three generously sized bedrooms that provide ample space for relaxation and personal retreat. The inviting living area serves as a perfect gathering spot for family and friends, while the wellmaintained bathroom ensures both comfort and convenience. Sitting on a substantial 759sqm block, this property is primed for development. With potential council approval, you have the exciting chance to subdivide, allowing you to retain the existing home and utilize the rear portion of the land to its fullest. This could mean creating additional residential space or exploring other investment opportunities, making it a truly versatile option for maximizing your investment. The location is equally impressive. Nestled in the vibrant and familyfriendly community of Bayswater, the property is conveniently close to a range of amenities. Youll find local shops, trendy cafes, and beautiful parks all within easy reach, enhancing your lifestyle and daily convenience. Additionally, the bustling Bayswater train station is just a short distance away, providing effortless access to public transport and simplifying your commute."
Below are some similar properties in the area you may be interested in.
-
70.8%
$835K
3%
$80,000
-$16,731
3.7%
2.8%
-11.9%
6.0%
Asking Price
$710,000
Estimated Purchase Price
$750,000
Stamp Duty
$40,070
Transfer Fee
$1,861
Conveyancing
$1,196
Deposit (10%)
$75,000
Reg. Mortgage
$129
LMI Premium
$21,385
Renovation Costs
-
Total Cash/Equity Required
$140,190
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,560
$39,226
Property Management
+7.7% PA
$2,122
$3,020
Rates
+3.0% PA
$1,524
$1,988
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
$20,649
$29,957
Interest Repayments
$44,550
$44,550
Net Cashflow Before Tax
-$23,901
-$14,593
Depreciation
-
-
Tax Offset
-$7,170
-$4,378
Net Cashflow After Tax
-$16,731
-$10,215
Assumptions
Year 1
Year 10
Property Value
6.8%
$886,440
$1,602,473
Loan Balance
I.O
$675,000
$675,000
$211,440
$927,473
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Manufacturing - 16.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Wholesale Trade - 9.0%
Others - 51.0%
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