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$550K
$112,517
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Try Picki for FREEConfidence
High
High
$575,000
Medium
$550,000
Low
$525,000
Confidence
Medium
Welcome to 22 Lancaster Drive, a modern blend of elegance and practical living. This stunning property is perfect for those looking to downsize or first-time buyers, offering an open-plan living, dining, and kitchen area with a breakfast bar, chic pendant lighting, supersized bedrooms with walk-in robes, and low maintenance living. The master suite includes a private ensuite, while bedroom four offers versatility. Located within a short drive to the CBD, close to Neangar Park Golf Club and Epsom Village, it features ducted heating and cooling, and a convenient laundry set-up.
Trusted by over 13k property buyers and counting...
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91.3%
$613K
5.1%
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Try Picki for FREE-$30,000
-$8,113
5.2%
Asking Price
$550,000
Estimated Purchase Price
$580,000
Stamp Duty
$29,870
Transfer Fee
$1,463
Conveyancing
$1,196
Deposit (10%)
$58,000
Reg. Mortgage
$129
LMI Premium
$16,538
Renovation Costs
-
Total Cash/Equity Required
$107,745
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,160
$42,927
Property Management
+7.7% PA
$2,322
$3,305
Rates
+3.0% PA
$1,710
$2,231
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
$22,863
$33,130
Interest Repayments
$34,452
$34,452
Net Cashflow Before Tax
-$11,589
-$1,322
Depreciation
-
-
Tax Offset
-$3,477
-$396
Net Cashflow After Tax
-$8,113
-$925
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$587,400
$1,061,879
Loan Balance
I.O
$522,000
$522,000
$65,400
$539,879
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 53.0%
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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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
