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$1.55M
$294,241
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,075,000
Medium
$1,000,000
Low
$925,000
Confidence
Medium
This charming 3-bedroom, 1-bathroom home offers a rare opportunity to own a sizeable 4,000 sqm landholding. Located near the heart of town, within the hospital and school precinct, this well-maintained property includes an L-shaped open-plan living area and a convenient carport. With the house positioned at the front, there is plenty of space for future development or a large garden, catering to investors, developers, and homeowners looking to build a dream home.
Trusted by over 13k property buyers and counting...
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73.9%
$740K
4.1%
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Try Picki for FREE$40,000
-$25,014
3.0%
Asking Price
-
Estimated Purchase Price
$960,000
Stamp Duty
$52,670
Transfer Fee
$2,352
Conveyancing
$1,196
Deposit (10%)
$96,000
Reg. Mortgage
$129
LMI Premium
$27,373
Renovation Costs
-
Total Cash/Equity Required
$180,270
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,843
$2,405
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
$21,290
$30,908
Interest Repayments
$57,024
$57,024
Net Cashflow Before Tax
-$35,734
-$26,116
Depreciation
-
-
Tax Offset
-$10,720
-$7,835
Net Cashflow After Tax
-$25,014
-$18,282
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$864,000
$864,000
$204,000
$1,066,690
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
