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$490K
$89,899
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$500,000
Medium
$475,000
Low
$450,000
Confidence
Medium
This charming 1970s home offers a cozy atmosphere with retro decor and timber features. Situated in a central location, it is within walking distance to Wangaree Park, the main shopping precinct, and Lancelin Bay, making it an ideal holiday home or investment. The house features an open main living area with raked ceilings, a kitchen, a separate laundry, WC, and three spacious bedrooms. The property includes a veranda at both the front and back, an electric storage hot water system, and ample side access to a rear shed measuring approximately 9m x 6m. However, the shed does not have power. Inspection is by appointment only, and updated photos will be available soon.
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66.1%
-
-
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Try Picki for FREE-$75,000
-$12,383
4.0%
Asking Price
$490,000
Estimated Purchase Price
$550,000
Stamp Duty
$20,140
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$55,000
Reg. Mortgage
$203
LMI Premium
$12,158
Renovation Costs
-
Total Cash/Equity Required
$89,899
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+8.2% PA
$1,791
$2,549
Rates
+3.0% PA
$1,364
$1,780
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
$14,980
$21,922
Interest Repayments
$32,670
$32,670
Net Cashflow Before Tax
-$17,690
-$10,748
Depreciation
-
-
Tax Offset
-$5,307
-$3,224
Net Cashflow After Tax
-$12,383
-$7,523
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$495,000
$495,000
$12,300
$422,078
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 45.0%
Construction - 8.0%
Retail Trade - 6.0%
Accommodation and Food Services - 5.0%
Others - 36.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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
