$700K
$135,967
Confidence
High
High
$520,000
Medium
$450,000
Low
$380,000
Confidence
Medium
"Attention investors and developers This unique property offers an unparalleled opportunity with the potential to develop up to 8 lots. Nestled right at the start line of the newly improved Bunbury Turf Club and Trotting Track, this location is ideal for horse trainers, enthusiasts, and savvy developers looking to capitalise on a prime piece of real estate. The current zoning is R5, with potential rezoning to R60 once sewerage is connected, allowing 1 block per 150sqm. Currently, the property features a spacious 4bedroom, 1bathroom home, with a second bathroom in the initial stages of renovation. Additionally, the property boasts a large shed and a pool, adding to its appeal and versatility. Imagine the possibilities whether youre looking to expand into a multiproperty site, create a haven for equestrian activities, or develop a premier residential area, this property provides a versatile foundation. Call Jay Standley to register your interest or to book a viewing Key Features Development Potential Up to 8 lots, perfect for a multiproperty site. Proximity to Bunbury Turf Club and Trotting Track Ideal for horse trainers and enthusiasts. Existing Home with 4 bedrooms 1 bathroom, with a second bathroom renovation underway Large shed Below ground pool Nearby Backing on to Bunbury Turf Club 550m to Parks Shopping Centre 1.1km to Carey Park Primary School 1.5km to Bunbury Regional Hospital 1.8km to Edith Cowan University TAFE 1.7km to IGA 1.8km to South West Sports Centre 3.4km to Beach 4.1km to Bunbury CBD Land Rates 2462.10 approx. Water Rates 269.28 approx. Block Size 2369m2 Disclaimer We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this material. Licensee Barr and Standley Pty Ltd ABN 55 651 170 731"
16.8%
41.3%
$394K
7.3%
-
-$7,436
5.2%
3.6%
-10.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$450,000
Stamp Duty
$15,390
Transfer Fee
$293
Conveyancing
$1,535
Deposit (10%)
$45,000
Reg. Mortgage
$203
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$72,919
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.2% PA
$1,919
$2,731
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
$16,107
$23,563
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$10,623
-$3,167
Depreciation
-
-
Tax Offset
-$3,187
-$950
Net Cashflow After Tax
-$7,436
-$2,217
Assumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$405,000
$405,000
$75,600
$463,810
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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