$479K
$88,203
Confidence
High
High
$500,000
Medium
$490,000
Low
$480,000
Confidence
Medium
"Introducing 2 Midas Street, this home is perfect for those entering the property market, seeking an investment opportunity or looking to downsize. The threebedroom, one bathroom home boasts an additional living room bedroom with built in bar and wood fire for cosy winter entertaining. The wellappointed kitchen is the heart of this home with plenty of storage space as well as an adjacent dining room. Step outside to find a decent sized backyard including fruit trees and garden shed for extra storage. Perfectly located close to shops, schools, Edith Cowan University, hospital, parks and all amenities. Get in quick this property will not last long For more information or to arrange a private viewing, call exclusive selling agent Tim Cooper today PROPERTY FEATURES YOULL LOVE Corner 696m2 block Master bedroom with built in robes Two decent sized bedrooms One bathroom Wellappointed kitchen with ample storage Adjacent dining area Sunken lounge room Additional living bedroom with wood fire and built in bar Undercover patio area for entertaining Decent sized backyard Single carport Garden shed with additional lean to LOCATION FEATURES NEARBY Carey Park Primary School 2.6km Newton Moore Senior High School 3.6km Parks Centre 2.2km Bunbury CBD 6.3km Built 1980 Land size 696m2 Land rates 2549.44 approx. PYR Water rates 262.70 approx. PYR Sewerage rates 1281.53 approx. PYR Rental appraisal After careful consideration of the current rental market, we believe that the above property could attain a rental return of 490540 per week. Please note this is not a sworn evaluation and the price is subject to change with market conditions and rental demand at the time of marketing."
6%
68.3%
$386K
6.5%
-$70,000
-$13,681
3.7%
2.5%
-14.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$499,000
Estimated Purchase Price
$560,000
Stamp Duty
$20,615
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$56,000
Reg. Mortgage
$203
LMI Premium
$15,968
Renovation Costs
-
Total Cash/Equity Required
$95,184
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+8.2% PA
$1,706
$2,428
Rates
+3.0% PA
$1,669
$2,178
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
$13,720
$20,165
Interest Repayments
$33,264
$33,264
Net Cashflow Before Tax
-$19,544
-$13,099
Depreciation
-
-
Tax Offset
-$5,863
-$3,930
Net Cashflow After Tax
-$13,681
-$9,169
Assumptions
Year 1
Year 10
Property Value
6.8%
$523,320
$946,038
Loan Balance
I.O
$504,000
$504,000
$19,320
$442,038
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 14.0%
Construction - 10.0%
Education and Training - 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