$1.28M
$272,665
"This deceptively spacious 4bedroom timber home set on approximately 694sq.m of land offers the best of both worlds together with easy living lifestyle options both inside and out. Featuring a welcoming entrance foyer, separate formal lounge, and dining, centrally positioned kitchen complimented by modern appliances which includes dishwasher, gas hotplates, sweeping benchtops with breakfast bar. The informal familyrumpus room truly sets this home apart and opens directly onto the perfect undercover alfresco entertaining area, which guarantees all yearround fun and endless barbeques. The rear yard is massive, private, and secure. A single lockup garage forms part of a multipurpose storage and workshop area. Additional features include separate bath and shower, split system heating and cooling, ducted heating, polished boards, and wall to wall carpets. Conveniently located close to Westfield Southland Shopping Centre, Station, and Schools. Note General Residential Zone 2 which is ideal for multiple unit development. S.T.C.A. Land of Opportunity Zoned GRZ2."
Below are some similar properties in the area you may be interested in.
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69.7%
$1.15M
3.4%
-$65,000
-$37,974
2.7%
2.2%
-13.9%
6.0%
Asking Price
$1,275,000
Estimated Purchase Price
$1,435,000
Stamp Duty
$78,925
Transfer Fee
$3,464
Conveyancing
$1,196
Deposit (10%)
$143,500
Reg. Mortgage
$129
LMI Premium
$44,902
Renovation Costs
-
Total Cash/Equity Required
$272,665
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,741
$2,272
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
$30,991
$44,703
Interest Repayments
$85,239
$85,239
Net Cashflow Before Tax
-$54,248
-$40,536
Depreciation
-
-
Tax Offset
-$16,274
-$12,161
Net Cashflow After Tax
-$37,974
-$28,375
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,463,160
$2,645,045
Loan Balance
I.O
$1,291,500
$1,291,500
$171,660
$1,353,545
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2021 Population
Suburbs
Manufacturing - 19.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 8.0%
Construction - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price