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$685K
$114,425
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Try Picki for FREEConfidence
High
High
$690,000
Medium
$655,000
Low
$620,000
Confidence
Medium
Introducing an expansive opportunity at 250-254 Midland Highway, Epsom. This spacious 3-bedroom, 2-bathroom home offers significant subdivision potential on a rare 3,200m² block. The house features a master suite with a walkthrough robe and ensuite, a well-appointed kitchen with modern amenities, and a comfortable living environment with ducted evaporative air conditioning and gas heating. The property is surrounded by low-maintenance gardens and generously-sized yard. Conveniently located near Epsom Sporting Grounds, Epsom Village Shopping Centre, and within walking distance to schools and other local amenities, this property is a perfect blend of suburban comfort and investment opportunity.
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 53.0%
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
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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
Below are some similar properties in the area you may be interested in.
1.3%
77.5%
$555K
5.1%
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Try Picki for FREE$20,000
-$13,759
3.9%
Asking Price
$685,000
Estimated Purchase Price
$635,000
Stamp Duty
$33,170
Transfer Fee
$1,592
Conveyancing
$1,196
Deposit (10%)
$63,500
Reg. Mortgage
$129
LMI Premium
$18,106
Renovation Costs
-
Total Cash/Equity Required
$118,242
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$1,710
$2,231
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
$18,063
$26,299
Interest Repayments
$37,719
$37,719
Net Cashflow Before Tax
-$19,656
-$11,420
Depreciation
-
-
Tax Offset
-$5,897
-$3,426
Net Cashflow After Tax
-$13,759
-$7,994
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$699,540
$1,264,602
Loan Balance
I.O
$571,500
$571,500
$128,040
$693,102
