$820K
$160,309
"This beautifully renovated and extended 3bedroom, 2bathroom character cottage, located at 13 Nicholas Crescent, offers a tranquil retreat in a peaceful, treelined street. Presented by Western Australia Sothebys International Realty, this property has both bohemian charm and modern conveniences, making it a true gem. Originally built in 1950, this cottage has retained its unique street front appeal, while being completely and thoughtfully renovated and extended in 2017. The heart of this home is an open plan kitchen, dining, and living area. This versatile space is perfect for both entertaining and relaxed family living, featuring glass bifold doors that seamlessly connect to a private alfresco entertaining deck, offering a delightful tree outlook. Polished wooden floors throughout and a cozy open fireplace in the front familybedroom provide a warm and inviting atmosphere. The front garden is adorned with established fruit trees providing privacy and beautiful views from the wooden front verandah. The spacious rear deck, perfect for alfresco dining or simply unwinding amidst nature. Theres also a shed around the side of the house for your gardening tools with additional storage space under the house. This property is equipped with modern amenities for your comfort including reverse cycle air conditioning and a gas bayonet. The spacious walkin butlers pantry and appliance counter offer generous storage and prep areas. The 900mm freestanding cooktop is an ideal choice for culinary enthusiasts, while the generously sized main bathroom and ensuite adjoining the master bedroom provide exceptional convenience. The street frontage block sits on 439sqm and features a 84sqm shared driveway. It is fully fenced with an electric gate for added security and privacy and one car bay. Enjoy the tranquillity of a quiet street while being conveniently located near local amenities and parks. This prime location offers the best of both worlds a peaceful neighbourhood and easy access to the essentials. This is a rare opportunity to own a beautifully renovated character cottage in a soughtafter location. Dont miss your chance to make this enchanting property your own. Inviting offers above 820,000 Offer will be subject to formal subdivision approval and new titles being issued. Water rates 970.53 pa Council rates 1873.92 pa"
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22%
44.1%
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$190,000
-$16,088
4.0%
2.8%
-13.0%
6.0%
Asking Price
$820,000
Estimated Purchase Price
$720,000
Stamp Duty
$28,215
Transfer Fee
$353
Conveyancing
$1,535
Deposit (10%)
$72,000
Reg. Mortgage
$203
LMI Premium
$20,530
Renovation Costs
-
Total Cash/Equity Required
$123,386
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
$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
$19,786
$28,928
Interest Repayments
$42,768
$42,768
Net Cashflow Before Tax
-$22,982
-$13,840
Depreciation
-
-
Tax Offset
-$6,895
-$4,152
Net Cashflow After Tax
-$16,088
-$9,688
Assumptions
Year 1
Year 10
Property Value
6.8%
$971,880
$1,756,928
Loan Balance
I.O
$648,000
$648,000
$323,880
$1,108,928
Did you know you need to engage a conveyancer when buying a property?
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price