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$385K
$75,439
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$455,000
Medium
$410,000
Low
$365,000
Confidence
Medium
This charming partially renovated property at a peaceful location features three spacious bedrooms, a study, and one bathroom. With original features like stained glass windows, hardwood floors, and decorative concrete details, this renovator's dream offers old-world charm. Modern conveniences include reverse cycle heating, cooling, and a reliable gas hot water system. A rustic fireplace adds character, although the original combustion stove is non-operational. Set on a generous block with new fencing, the backyard provides endless landscaping possibilities. Close to local amenities, this home is ideal for buyers ready to personalize and enhance its potential.
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85%
$485K
4.9%
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Try Picki for FREE$70,000
-$6,093
5.4%
Asking Price
$385,000
Estimated Purchase Price
$405,000
Stamp Duty
$19,370
Transfer Fee
$1,053
Conveyancing
$1,196
Deposit (10%)
$40,500
Reg. Mortgage
$129
LMI Premium
$8,953
Renovation Costs
-
Total Cash/Equity Required
$71,751
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,540
$2,009
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
$15,353
$22,422
Interest Repayments
$24,057
$24,057
Net Cashflow Before Tax
-$8,704
-$1,635
Depreciation
-
-
Tax Offset
-$2,611
-$490
Net Cashflow After Tax
-$6,093
-$1,144
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$364,500
$364,500
$142,800
$552,578
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2021 Population
Suburbs
Retail Trade - 14.0%
Health Care and Social Assistance - 14.0%
Accommodation and Food Services - 12.0%
Construction - 9.0%
Others - 51.0%
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
