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$1.8M
$307,281
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$2,000,000
Medium
$1,800,000
Low
$1,600,000
Confidence
Medium
Discover timeless elegance in the prestigious Summer Hill Estate. This Art Deco treasure offers a single-level home immediately liveable with room for modern transformation. Featuring original fireplaces, a refurbished skylit kitchen, and versatile living spaces, this property is a canvas for your creative vision. With ducted heating and off-street parking, this home sits in an exclusive locale with access to Burwood Station and Ashburton Village. Possibilities abound for reimagining or expanding into the deep rear garden. A portion of the sale proceeds help support community causes.
Trusted by over 13k property buyers and counting...
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86.2%
$1.9M
2.9%
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Try Picki for FREE$180,000
-$30,733
3.9%
Asking Price
$1,800,000
Estimated Purchase Price
$1,620,000
Stamp Duty
$89,100
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$162,000
Reg. Mortgage
$129
LMI Premium
$50,690
Renovation Costs
-
Total Cash/Equity Required
$307,281
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$2,006
$2,617
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
$52,324
$75,098
Interest Repayments
$96,228
$96,228
Net Cashflow Before Tax
-$43,904
-$21,130
Depreciation
-
-
Tax Offset
-$13,171
-$6,339
Net Cashflow After Tax
-$30,733
-$14,791
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,922,400
$3,475,242
Loan Balance
I.O
$1,458,000
$1,458,000
$464,400
$2,017,242
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2021 Population
Suburbs
Education and Training - 15.0%
Health Care and Social Assistance - 15.0%
Professional, Scientific and Technical Services - 14.0%
Retail Trade - 13.0%
Others - 43.0%
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
Create a free account to access the tools and information you need to make the best property investment decisions.
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
