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$580K
$98,704
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$600,000
Medium
$560,000
Low
$520,000
Confidence
Medium
This 2200m2 property offers immense potential with two street frontages and a grand 1940s home. Located on Burgoyne Street, it presents striking views of Northam. The 4-bedroom house requires a significant renovation, yet maintains charm with high ceilings, Jarrah floors, and an open fireplace. Situated near schools and a nursing home, it also features a large workshop and easy-to-maintain lawns. Notably, the property is sold 'as is', inviting buyers to envision the transformation possibilities.
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Public Administration and Safety - 13.0%
Education and Training - 10.0%
Retail Trade - 9.0%
Others - 52.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % 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
Below are some similar properties in the area you may be interested in.
0%
82.4%
$440K
3.9%
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Try Picki for FREE-$20,000
-$11,370
4.4%
Asking Price
$580,000
Estimated Purchase Price
$580,000
Stamp Duty
$21,565
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$58,000
Reg. Mortgage
$203
LMI Premium
$16,538
Renovation Costs
-
Total Cash/Equity Required
$98,704
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$25,480
$36,266
Property Management
+8.2% PA
$2,089
$2,974
Rates
+3.0% PA
$1,476
$1,926
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
$18,210
$26,532
Interest Repayments
$34,452
$34,452
Net Cashflow Before Tax
-$16,242
-$7,920
Depreciation
-
-
Tax Offset
-$4,873
-$2,376
Net Cashflow After Tax
-$11,370
-$5,544
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$598,080
$1,081,186
Loan Balance
I.O
$522,000
$522,000
$76,080
$559,186
