$450K
$88,351
"Offering to the market is this neat and inviting threebedroom home, providing comfortable living and convenience in a fantastic location. The master bedroom boasts a walkin robe and an ensuite, offering a private retreat within the home. The remaining two bedrooms are wellappointed and share access to a second bathroom, catering well to families. The heart of the home is the open living area, combining kitchen, dining, and living spaces into one cohesive and welcoming area. This layout is ideal for everyday living and entertaining, providing a sense of connectivity and openness. Step outside onto the large deck, a fantastic space for outdoor gatherings and relaxation. This entertaining area extends the living space outdoors, offering ample room for enjoying the fresh air and hosting family and friends. Situated on a spacious 546m2 block, theres plenty of room for children and pets to play freely in the secure backyard. The property also features longterm tenants who are keen to stay on, presenting an attractive investment opportunity. Convenience is key with this location, as it is close to essential amenities including Coles Supermarket, Delacombe Town Centre, and Phoenix College. These nearby facilities ensure easy access to shopping, education, and everyday necessities. Another key attraction to his location is the huge parklands just around the corner perfect for those with kids. Whether youre looking for a comfortable family home or a sound investment property, 16 Howard Street presents a compelling opportunity to secure a wellmaintained residence in a convenient and desirable neighbourhood. Dont miss out on exploring all that this property has to offer"
Below are some similar properties in the area you may be interested in.
3.4%
73.5%
-
-
$365,000
-$10,327
4.3%
2.9%
-11.9%
6.0%
Asking Price
$450,000
Estimated Purchase Price
$485,000
Stamp Duty
$24,170
Transfer Fee
$1,241
Conveyancing
$1,196
Deposit (10%)
$48,500
Reg. Mortgage
$129
LMI Premium
$10,722
Renovation Costs
-
Total Cash/Equity Required
$86,507
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,877
$2,449
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
$14,056
$20,616
Interest Repayments
$28,809
$28,809
Net Cashflow Before Tax
-$14,753
-$8,193
Depreciation
-
-
Tax Offset
-$4,426
-$2,458
Net Cashflow After Tax
-$10,327
-$5,735
Assumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$436,500
$436,500
$471,300
$1,204,586
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
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