Withheld
$137,768
"Nick and Jo proudly present to you 50 Wandoo Road, Morley. THE OFFERING Brief 3 bed 1 bath 1 car Land 680sqm Method For Sale Price Offers Invited Settlement Terms Currently tenanted until 6122024 at 600 per week. Tenant is willing to stay on. THE INTELLIGENCE Fantastic potential abounds from within the walls of this charming 3 bedroom 1 bathroom home that doubles as the ideal starter property or your next investment or renovation project and is perfectly positioned on an expansive block with R25 zoning and exceptional potential development opportunities to go with it. Situated opposite the lovely Seine Park that backs on to West Beechboro Primary School, the property is headlined by a generous backyard, perfect for additions, extensions or simply family enjoyment. Seize the parkside advantage and make your move today, before its too late Features include, but are not limited to Please Note this property is to be sold on an as is basis Please Note This property is currently tenanted until 6122024 at 600 per week. The tenant is willing to stay on. A spacious familysized 680sqm block with exciting R25 zoning and development potential attached to it, adding to the appeal of this wellpresented residence that delightfully overlooks the park and has plenty of scope for you and your loved ones to add your own personal modern touches throughout A welcoming front lounge room that makes an instant first impression and leads through to a connecting dining space A central galleystyle kitchen with ample storage options and contemporary stainlesssteel rangehood, gascooktop and oven appliances A sunken openplan family and meals area below the kitchen home to splitsystem airconditioning, a gas bayonet for heating and plenty of space for games and activities A covered outdoor patioentertaining area off the family room, splendidly overlooking what is a massive blank canvas of a backyard dominated by paving, playing host to two gardenstorage sheds and leaving more than enough room for a future swimming pool, grannyflat or workshop, if you are that way inclined A large front master bedroom that is the obvious pick of the sleeping quarters with its splitsystem airconditioning unit and builtin wardrobes A practical bathroom that is brilliant in its simplicity and comprises of a shower and separate bathtub to help cater for everyones individual needs Amongst the extra features of this solid 1987built brickandtile abode are easycare tiled floors throughout, an external gas bayonet for barbecues, ductedevaporative airconditioning, security doors and screens, a single carport and a largelypaved front yard under the palm trees, ensuring ample parking space for everybody THE VISION A wonderful parkside location that is close to absolutely everything. As part of the BayswaterEllenbrook link, new nearby bus depots and train stations are simply added bonuses, with Kiara College, other shopping facilities, the Swan Active Beechboro leisure centre and even the Altone Park Golf Course all within arms reach. Dont forget about glorious Whiteman Park, major arterial roads and breweries, wineries and restaurants within our picturesque Swan Valley region all situated only a stones throw away, as well. Just think about the potential that lies in wait"
Below are some similar properties in the area you may be interested in.
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78.4%
$628K
5.4%
$10,000
-$20,829
3.1%
2.2%
-15.1%
6.0%
Asking Price
-
Estimated Purchase Price
$800,000
Stamp Duty
$32,316
Transfer Fee
$353
Conveyancing
$1,535
Deposit (10%)
$80,000
Reg. Mortgage
$203
LMI Premium
$22,811
Renovation Costs
-
Total Cash/Equity Required
$137,768
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
$1,444
$1,884
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
$17,764
$25,894
Interest Repayments
$47,520
$47,520
Net Cashflow Before Tax
-$29,756
-$21,626
Depreciation
-
-
Tax Offset
-$8,927
-$6,488
Net Cashflow After Tax
-$20,829
-$15,138
Assumptions
Year 1
Year 10
Property Value
6.8%
$865,080
$1,563,859
Loan Balance
I.O
$720,000
$720,000
$145,080
$843,859
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2021 Population
Suburbs
Retail Trade - 17.0%
Health Care and Social Assistance - 14.0%
Construction - 9.0%
Manufacturing - 8.0%
Others - 52.0%
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