Withheld
$106,645
"Not often does an opportunity come along like this. Boasting a corner 685sqm block perched high off the road in Wanneroos R20R40 zoned precinct, this 3 bedroom home has views towards Lake Joondalup and is bursting with potential offering an abundance of opportunity to either renovate the current home, or detonate and subdivide into up to 3 blocks, subject to approval from the relevant authorities confirmation of subdivision potential already received from council. No matter what your intention, a great opportunity awaits you here This property will be sold As is and no warranties shall be given."
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2016 Population
Suburbs
Construction - 16.0%
Retail Trade - 13.0%
Education and Training - 12.0%
Manufacturing - 9.0%
Others - 50.0%
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
2%
71.6%
-
-
$165,000
-$10,753
4.5%
3.2%
-11.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$600,000
Estimated Purchase Price
$555,000
Stamp Duty
$20,378
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$55,500
Reg. Mortgage
$203
LMI Premium
$12,269
Renovation Costs
-
Total Cash/Equity Required
$90,747
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+8.2% PA
$2,047
$2,913
Rates
+3.0% PA
$1,603
$2,092
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$17,605
$25,687
Interest Repayments
$32,967
$32,967
Net Cashflow Before Tax
-$15,362
-$7,280
Depreciation
-
-
Tax Offset
-$4,609
-$2,184
Net Cashflow After Tax
-$10,753
-$5,096
Assumptions
Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$499,500
$499,500
$269,460
$890,597