Withheld
$69,526
"SOLD under the Hammer on 10th August Nestled in the heart of Hiltons heritage precinct, this original and cherished family home, perched on a generous 895sqm block, presents a rare opportunity to own a piece of quintessential Hilton charm. Offered to market for the first time, 55 Hines Road offers a variety of options to renovate and extend the existing home or subdivide whilst retaining the original cottage to name a few. Built in the 1950s as only the fourth residence on Hines Road, this much loved family home retains many classic features from its midcentury origins. Wide jarrah floorboards enhance the internal charm as they flow throughout the home. The spacious lounge area retains a nostalgic touch with a gas heater built into the old fireplace and offers a lush outlook to the front yard and streetscape. A combined kitchen and dining area features ample bench and cupboard space and an electric stoveoven setup and added comfort thanks to a split system airconditioner. The sleeping accommodation includes three bedrooms. The spacious main bedroom at the front of the home equipped with builtin wardrobes and a split system air conditioner. Further down the wide hall sits another spacious bedroom adjacent the homes original midcentury bathroom which maintains its vintage appeal. To the rear of the home situated just off the kitchen space is a generous activity space, third sleepout bedroom and laundry. The expansive 895sqm lot, Zoned R20 provides ample room for additions like a swimming pool, construction of an auxiliary dwelling and even the potential for subdivision STCA. Ideally located, the home is within walking distance of essential amenities including a medical centre, pharmacy, popular cafes, fresh supermarkets, and more. Excellent public transport connections and top schools such as Hilton Primary School and Fremantle College are conveniently close, ensuring this location caters to every lifestyle need. Embrace a lifestyle where character meets convenience at this inviting Hilton property. Here, spacious grounds and classic character details offer a perfect canvas for the next chapter in this homes storied history. Key features include 895sqm green title lot, Zoned R20 Three bedrooms, One bathroom Electric cooktop and oven Fully rewired Electric Storage Hot Water System Separate Garage Additional Large Storage Shed Council Rates 1,550.00 pa approx Water Rates 1,011.41 pa approx"
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24.3%
53.3%
-
-
$890,000
+
234.0%
150.1%
262.0%
6.0%
Asking Price
$10,000
Estimated Purchase Price
$10,000
Stamp Duty
$190
Transfer Fee
$203
Conveyancing
$1,535
Deposit (10%)
$1,000
Reg. Mortgage
$203
LMI Premium
$171
Renovation Costs
-
Total Cash/Equity Required
$3,852
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.2% PA
$1,919
$2,731
Rates
+3.0% PA
$2,764
$3,606
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
$15,012
$22,134
Interest Repayments
$594
$594
Net Cashflow Before Tax
$14,418
$21,540
Depreciation
-
-
Tax Offset
$4,325
$6,462
Net Cashflow After Tax
$10,093
$15,078
Assumptions
Year 1
Year 10
Property Value
6.8%
$961,200
$1,737,621
Loan Balance
I.O
$9,000
$9,000
$952,200
$1,728,621
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2021 Population
Suburbs
Health Care and Social Assistance - 13.0%
Accommodation and Food Services - 10.0%
Transport, Postal and Warehousing - 10.0%
Retail Trade - 9.0%
Others - 58.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price