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$3.25M
$583,195
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Try Picki for FREEConfidence
High
High
$3,100,000
Medium
$2,800,000
Low
$2,500,000
Confidence
Medium
This exquisite residence, designed by Herbert L Coburn in 1948, is a rare opportunity to acquire a property of such calibre. Nestled on approximately 2,400sqm of lush gardens near Lake Wendouree and the Botanical Gardens, this solid brick, double-story home features five expansive bedrooms, including a master suite with a walk-in robe and ensuite. Accompanied by two additional bathrooms, two living areas with fireplaces, and a wine cellar, the home combines timeless elegance and modern functionality. The Miele-equipped kitchen opens to alfresco spaces surrounded by serene garden views. With two garages, undercover parking for five cars, a workshop, an office, and a well-maintained garden with mature trees and irrigation, this property offers luxurious privacy and convenience.
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Location, 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
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
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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
0%
85.3%
$865K
131.7%
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Try Picki for FREE-$295,000
-$108,771
1.2%
Asking Price
$3,250,000
Estimated Purchase Price
$3,095,000
Stamp Duty
$181,175
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$309,500
Reg. Mortgage
$129
LMI Premium
$96,844
Renovation Costs
-
Total Cash/Equity Required
$593,009
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
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
$28,455
$41,110
Interest Repayments
$183,843
$183,843
Net Cashflow Before Tax
-$155,388
-$142,733
Depreciation
-
-
Tax Offset
-$46,616
-$42,820
Net Cashflow After Tax
-$108,771
-$99,913
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$2,990,400
$5,405,932
Loan Balance
I.O
$2,785,500
$2,785,500
$204,900
$2,620,432
