$550K
$112,517
"This three bedroom brick veneer home is looking for a new owner to bring it back to its former glory. Ideally located on 3 individual titles, the home built over 2, with an approx. 1900 m2 title able to be sold off separately by the new owner or keep it and enjoy the additional space. The home is located behind a high fence and is peacefully surrounded by extensive gardens, with views of the Toora North Hills and farmland to rear. Situated on the Highway with a school bus stop out the front and only 5 kms to either Welshpool or Toora, and 13kms to Foster. The home is a 3 bedroom, 2 living area, 2 bathroom, kitchen dining room and large internal laundry. 2 car garage attached to the home, with rear entertaining area. Solar system assisting to keep those power bills down. Ample shedding located on the property on the current house blocks. A real opportunity for someone to restore the home, extend or build your dream home STCA. Call our office for a discussion. Viewings must be pre booked with adequate notice required."
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Asking Price
$550,000
Estimated Purchase Price
$590,000
Stamp Duty
$30,470
Transfer Fee
$1,486
Conveyancing
$1,196
Deposit (10%)
$59,000
Reg. Mortgage
$129
LMI Premium
$16,823
Renovation Costs
-
Total Cash/Equity Required
$109,654
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$2,014
$2,628
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
$16,319
$23,853
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$18,727
-$11,193
Depreciation
-
-
Tax Offset
-$5,618
-$3,358
Net Cashflow After Tax
-$13,109
-$7,835
Assumptions
Year 1
Year 10
Property Value
6.8%
$587,400
$1,061,879
Loan Balance
I.O
$531,000
$531,000
$56,400
$530,879
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
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