The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
© 2025 Picki. All rights reserved.
$599K
$89,051
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
High
High
$670,000
Medium
$620,000
Low
$570,000
Confidence
Medium
This property offers a prime opportunity in the popular Old Two Rocks area, boasting a sizable 1016sqm block. Nestled in a peaceful cul-de-sac, it adjoins the vast Charnwood Park and is conveniently close to the marina, shops, and public transport. The home features a classic Dampier Design with 3 bedrooms and 2 bathrooms, showcasing a functional double brick and tile construction. Inside, you'll find vaulted ceilings in the main living area and a separate lounge room. The sprawling outdoor alfresco area is perfect for entertaining. With a current lease generating $540 per week, this property offers potential both as an investment and a future home.
Trusted by over 13k property buyers and counting...
Try Picki for FREE0%
64.8%
$635K
4.5%
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREE$75,000
-$7,998
5.3%
Asking Price
$599,000
Estimated Purchase Price
$545,000
Stamp Duty
$19,903
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$54,500
Reg. Mortgage
$203
LMI Premium
$12,048
Renovation Costs
-
Total Cash/Equity Required
$89,051
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
$1,603
$2,092
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
$20,947
$30,443
Interest Repayments
$32,373
$32,373
Net Cashflow Before Tax
-$11,426
-$1,930
Depreciation
-
-
Tax Offset
-$3,428
-$579
Net Cashflow After Tax
-$7,998
-$1,351
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$490,500
$490,500
$171,660
$706,528
Below are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Construction - 16.0%
Retail Trade - 13.0%
Education and Training - 12.0%
Manufacturing - 9.0%
Others - 50.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
