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$550K
$89,899
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$680,000
Medium
$650,000
Low
$620,000
Confidence
Medium
A unique opportunity awaits with a 3-bedroom, 1-bathroom brick home on an 875sqm block. This property is ideal for those seeking extra space or investors eyeing potential with subdivision capabilities, subject to WAPC approval. Nestled in a convenient location with easy access to Midlands amenities, the home features a central living area, wraparound kitchen, sizable sunroom, and a separate crafts room. With a rental income stream in place and the possibility to purchase the neighboring property for maximum subdivision, this is a promising venture.
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57.1%
$501K
5.9%
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Try Picki for FREE$50,000
-$9,640
5.0%
Asking Price
$600,000
Estimated Purchase Price
$600,000
Stamp Duty
$22,515
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$60,000
Reg. Mortgage
$203
LMI Premium
$17,108
Renovation Costs
-
Total Cash/Equity Required
$102,224
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,160
$42,927
Property Management
+8.2% PA
$2,473
$3,520
Rates
+3.0% PA
$2,113
$2,757
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
$21,869
$31,816
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$13,771
-$3,824
Depreciation
-
-
Tax Offset
-$4,131
-$1,147
Net Cashflow After Tax
-$9,640
-$2,677
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$540,000
$540,000
$154,200
$714,948
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2021 Population
Suburbs
Retail Trade - 11.0%
Manufacturing - 10.0%
Construction - 10.0%
Health Care and Social Assistance - 9.0%
Others - 60.0%
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
