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$670K
$122,059
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$760,000
Medium
$720,000
Low
$680,000
Confidence
Medium
This prime investment and development opportunity is located in one of Geelong's highest growth areas. The property boasts a large 802m² (approx.) allotment featuring 4 sizeable bedrooms and an additional bungalow at the rear. The residence includes a central kitchen, bathroom, reverse cycle air conditioning, and a double tandem lock-up garage. Conveniently positioned within walking distance to North Geelong train station and popular Pakington Street shopping precinct, it's also 5-10 minutes from Geelong CBD with easy access to the Geelong Ring Road and Princes Highway. Approved plans and permits are in place for constructing one 4-bedroom townhouse and two 3-bedroom townhouses, each with three bathrooms and a double garage.
Trusted by over 13k property buyers and counting...
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59.8%
$580K
3.9%
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Try Picki for FREE$15,000
-$32,722
-
Asking Price
$720,000
Estimated Purchase Price
$705,000
Stamp Duty
$37,370
Transfer Fee
$1,755
Conveyancing
$1,196
Deposit (10%)
$70,500
Reg. Mortgage
$129
LMI Premium
$20,102
Renovation Costs
-
Total Cash/Equity Required
$131,602
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,603
$2,092
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
-$4,868
-$6,352
Interest Repayments
$41,877
$41,877
Net Cashflow Before Tax
-$46,745
-$48,229
Depreciation
-
-
Tax Offset
-$14,024
-$14,469
Net Cashflow After Tax
-$32,722
-$33,760
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$634,500
$634,500
$134,460
$755,597
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
