$1.8M
$334,881
"Situated within an easy stroll of Wanneroo Central shopping centre, St Anthonys Primary School, Wanneroo Primary school and public transport. A perfect location for development of 8 or more villas or townhouses. It is 2,175sq m in size, zoned R60. This property is twice the size of a block in Frederick Street a few hundred metres away that just went under offer for over 900,000 last month. With a house on this block with tenants at 650 per week until November, your holding costs will be able to be partly offset until DAs come through. If you a developer or builder be quick as this unique land will not last."
-
-
-
-
-$700,000
-$54,360
1.7%
1.3%
-18.3%
6.0%
Asking Price
$1,795,000
Estimated Purchase Price
$1,660,000
Stamp Duty
$76,606
Transfer Fee
$533
Conveyancing
$1,535
Deposit (10%)
$166,000
Reg. Mortgage
$203
LMI Premium
$51,942
Renovation Costs
-
Total Cash/Equity Required
$297,369
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+8.2% PA
$2,345
$3,338
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
$20,947
$30,443
Interest Repayments
$98,604
$98,604
Net Cashflow Before Tax
-$77,657
-$68,161
Depreciation
-
-
Tax Offset
-$23,297
-$20,448
Net Cashflow After Tax
-$54,360
-$47,713
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,025,280
$1,853,462
Loan Balance
I.O
$1,494,000
$1,494,000
-$468,720
$359,462
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Population
Suburbs
Others - 100.0%
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