$420K
$74,517
"Great opportunity to purchase this as new 2 bedroom home approx 2 years old, situated in a low traffic, tree lined street in the Violet Town township. The home has been stylishly finished with an easy care corrugated colorbond exterior and comprises 2 main bedrooms with builtin robes, an open family living area with vaulted ceilings, fresh neutral paint finishes and excellent natural light. living area leads to meals and the kitchen that features a breakfastpreparation bench, an electric ceramic cooktop and oven, along with pantry cupboard. The lovely main bathroom has a no step tiled shower recess. Additional features Carpeted lounge and bedrooms with imitation timber flooring elsewhere. Large reversecycle inverter airconditioner, balustraded entertaining verandah, township water and sewerage connected, along with 1000 litre rainwater tank connected to the house via pressure pump. Tv and NBN connections. Attractive entrance from treelined sealed road. Easy living with plenty of potential Settlement 3060 days or earlier by agreement."
Below are some similar properties in the area you may be interested in.
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71.4%
$555K
3.3%
$115,000
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5.7%
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Asking Price
$440,000
Estimated Purchase Price
$440,000
Stamp Duty
$21,470
Transfer Fee
$1,135
Conveyancing
$1,196
Deposit (10%)
$44,000
Reg. Mortgage
$129
LMI Premium
$9,727
Renovation Costs
-
Total Cash/Equity Required
$78,206
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$2,142
$2,795
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
$17,631
$25,735
Interest Repayments
$26,136
$26,136
Net Cashflow Before Tax
-$8,505
-$401
Depreciation
-
-
Tax Offset
-$2,551
-$120
Net Cashflow After Tax
-$5,953
-$280
Assumptions
Year 1
Year 10
Property Value
6.8%
$592,740
$1,071,533
Loan Balance
I.O
$396,000
$396,000
$196,740
$675,533
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply