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$495K
$79,128
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High
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Medium
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Low
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Confidence
Discover a rare opportunity with this multifaceted property. At the forefront, a commercial shop front offers endless business potential, formerly home to the renowned Avenel Meats. This space is equipped with two cool rooms, split systems, display fridges, and essential prep areas. To the rear, lies a private two-bedroom residence with an open-plan design, bathroom, and laundry, set amidst charming gardens. Ideal for living or letting, the property invites flexibility—live and cultivate a business upfront, or rent both spaces for income. The choice lays in the promise of potential.
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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...
Try Picki for FREEAverage Population
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
Below are some similar properties in the area you may be interested in.
0%
78.9%
$508K
4.9%
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Try Picki for FREE$15,000
-$10,145
4.3%
Asking Price
$495,000
Estimated Purchase Price
$460,000
Stamp Duty
$22,670
Transfer Fee
$1,182
Conveyancing
$1,196
Deposit (10%)
$46,000
Reg. Mortgage
$129
LMI Premium
$10,169
Renovation Costs
-
Total Cash/Equity Required
$81,895
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$12,831
$18,904
Interest Repayments
$27,324
$27,324
Net Cashflow Before Tax
-$14,493
-$8,420
Depreciation
-
-
Tax Offset
-$4,348
-$2,526
Net Cashflow After Tax
-$10,145
-$5,894
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$414,000
$414,000
$93,300
$503,078
