Withheld
$116,325
Confidence
Medium
High
$750,000
Medium
$710,000
Low
$670,000
Confidence
Medium
"Welcome to this hidden gem in Ferndale, offering a fantastic opportunity for those ready to embark on a renovation journey. This spacious home features 3 bedrooms and 1 bathrooms, providing a solid foundation for families or investors looking to make their mark. The classic layout offers ample space for reimagining the interior, allowing you to create a personalized living environment that suits your lifestyle. While the property requires updates, its sturdy structure and generous block size open the door to endless possibilities. Envision transforming the living area into a modern retreat or updating the kitchen to become the heart of the home. The backyard presents an excellent space for outdoor entertaining or gardening, perfect for enjoying the beautiful Ferndale weather. Conveniently located near schools, parks, and shopping, this property offers the ideal balance of suburban tranquility and community amenities. Dont miss this chance to invest in a home with incredible potential Property features Spacious Master Bedroom with a builtin robe Two Additional Bedrooms also featuring builtin robes WellAppointed Bathroom with a separate shower and toilet Open Plan Layout offering ample living space Expansive Backyard perfect for yearround entertainment Total Floor Plan Size 118 sqm on a generous 798 sqm block, built in 1979 Expansive Backyard designed for yearround entertainment, providing ample space for outdoor gatherings, barbecues, and a perfect retreat for family and pets alike. Duplex potential block R20 zoned corner lot on 798sqm block of land Council Rates 1,788 p.a. Water Rates 950.04 p.a. THIS PROPERTY IS SOLD AS IS, WHERE IS BASIS For more information, contact Max 0403 038 647 or Joshua Youn 0413 153 593 Disclaimer All information contained has been prepared for advertising and marketing purposes only and is not intended to form part of any contract. Whilst every effort is made for the accuracy of this information, which is believed to be correct, neither the Agent nor the client nor employees of both, guarantee their accuracy and accept no responsibility for the result of any actions taken, or reliance placed upon this document. Interested parties should make independent enquiries and rely on their personal judgement to satisfy themselves in all respects."
-
82.2%
-
-
$10,000
-$16,817
3.6%
2.5%
-14.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$699,000
Estimated Purchase Price
$700,000
Stamp Duty
$27,265
Transfer Fee
$333
Conveyancing
$1,535
Deposit (10%)
$70,000
Reg. Mortgage
$203
LMI Premium
$19,960
Renovation Costs
-
Total Cash/Equity Required
$119,846
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
$1,652
$2,155
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
$17,556
$25,623
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$24,024
-$15,957
Depreciation
-
-
Tax Offset
-$7,207
-$4,787
Net Cashflow After Tax
-$16,817
-$11,170
Assumptions
Year 1
Year 10
Property Value
6.8%
$758,280
$1,370,790
Loan Balance
I.O
$630,000
$630,000
$128,280
$740,790
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2021 Population
Suburbs
Manufacturing - 12.0%
Retail Trade - 12.0%
Wholesale Trade - 10.0%
Construction - 9.0%
Others - 57.0%
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