$299K
$43,701
"Welcome to 9 Scott Street, a unique property steeped in history, once serving as the towns scout hall. Located on a 486m block spanning two titles, this residential land offers a prime location just meters from the main road, making it ideal for versatile uses. This property promises a dual return on investment potential. The building has undergone significant renovations, including full rewiring, partial restumping, new Colorbond guttering, and fresh paintwork. Inside, the recently restored hardwood floor in the main hall 18m x 8.5m x 4.1m adds warmth and character, making it perfect for events, openplan living, or a creative studio. Two adjoining rooms offer additional space for offices, storage, or extra living areas. A spacious threebedroom unit connected to the rear of the hall features a new reverse cycle air conditioner and hot water service. The units kitchen, bedrooms, and living area are generously sized for comfortable living. The propertys prime location near the main road ensures easy access to amenities, shops, and services. With the potential to lease the hall and unit separately, this property offers an attractive dualincome opportunity. Call our Heywood office today to arrange an inspection"
6.5%
66.2%
$400K
3.9%
$25,000
-$4,156
5.9%
3.8%
-8.8%
6.0%
Asking Price
$300,000
Estimated Purchase Price
$280,000
Stamp Duty
$11,870
Transfer Fee
$761
Conveyancing
$1,196
Deposit (10%)
$28,000
Reg. Mortgage
$129
LMI Premium
$4,784
Renovation Costs
-
Total Cash/Equity Required
$47,290
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
Rates
+3.0% PA
$1,399
$1,825
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
$10,695
$15,775
Interest Repayments
$16,632
$16,632
Net Cashflow Before Tax
-$5,937
-$857
Depreciation
-
-
Tax Offset
-$1,781
-$257
Net Cashflow After Tax
-$4,156
-$600
Assumptions
Year 1
Year 10
Property Value
6.8%
$325,740
$588,860
Loan Balance
I.O
$252,000
$252,000
$73,740
$336,860
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 14.0%
Manufacturing - 13.0%
Retail Trade - 9.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price