$1.65M
$274,551
"Solid brick pair with huge potential in prime Balaclava location. Each has spacious bedrooms, living rooms, functional kitchens, and bathrooms. Promising redevelopment or renovation opportunity, subject to council approval. Key Features Prime location in Balaclava Total land area 294m approx Northfacing gardens Rear access No Heritage Overlay Currently let on monthtomonth tenancy with 1564 1608 pcm return Walk and enjoy the Carlisle Street lifestyle, public transport, schools, parks and everything this sought after area offers. Inspection by appointment only"
4.6%
44.5%
-
-
-$145,000
-$38,399
2.7%
2.1%
-14.0%
6.0%
Asking Price
$1,650,000
Estimated Purchase Price
$1,445,000
Stamp Duty
$79,475
Transfer Fee
$3,487
Conveyancing
$1,196
Deposit (10%)
$144,500
Reg. Mortgage
$129
LMI Premium
$45,215
Renovation Costs
-
Total Cash/Equity Required
$274,551
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,755
$2,290
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
$30,977
$44,685
Interest Repayments
$85,833
$85,833
Net Cashflow Before Tax
-$54,856
-$41,148
Depreciation
-
-
Tax Offset
-$16,457
-$12,344
Net Cashflow After Tax
-$38,399
-$28,804
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,388,400
$2,509,897
Loan Balance
I.O
$1,300,500
$1,300,500
$87,900
$1,209,397
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2021 Population
Suburbs
Professional, Scientific and Technical Services - 19.0%
Accommodation and Food Services - 8.0%
Health Care and Social Assistance - 8.0%
Financial and Insurance Services - 7.0%
Others - 58.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price