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$450K
$80,050
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Try Picki for FREEConfidence
high
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
medium
This charming 3-bedroom cottage in Springhurst combines rustic allure with modern amenities. Positioned conveniently between Wangaratta and Albury-Wodonga and just a short walk from Springhurst's center, it offers both tranquility and accessibility. The home boasts an updated kitchen with gas cooking, seamlessly connected to the living and dining area. Stay comfortable year-round with a wood fire for winter and evaporative cooling for summer. Enjoy alfresco dining in the extensive living area or utilize the spacious shed for storage or additional vehicles within the secured yard. This is a rare chance to own an idyllic slice of Springhurst.
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83.6%
$615K
5.5%
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-$7,085
5.2%
Asking Price
$450,000
Estimated Purchase Price
$450,000
Stamp Duty
$22,070
Transfer Fee
$1,159
Conveyancing
$1,196
Deposit (10%)
$45,000
Reg. Mortgage
$129
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$80,051
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,725
$2,251
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
$16,608
$24,230
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$10,122
-$2,500
Depreciation
-
-
Tax Offset
-$3,037
-$750
Net Cashflow After Tax
-$7,085
-$1,750
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Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$405,000
$405,000
$75,600
$463,810
Location, 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
Health Care and Social Assistance - 19.0%
Retail Trade - 11.0%
Manufacturing - 10.0%
Education and Training - 8.0%
Others - 52.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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
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