$439K
$71,222
Confidence
Medium
High
$370,000
Medium
$350,000
Low
$310,000
Confidence
High
"Welcome to 5 Lorenzo Way, a budget friendly find that has some surprising extras that you cannot see from the street. If extralarge outdoor entertaining, shed and additional living spaces are what you have been looking for, this may just be the property for you. There is a lot of potential in this property and while there are things that could be done to bring it back to its former glory, the home is comfortable as it stands. The open plan kitchen, dining and lounge area is found to the front upon entering through the front door. Warmed by a wood fire heater, you will be kept warm on those family movie nights. The central passage leads you through to the three bedrooms, bathroom and laundry. The main and third bedrooms have built in robes. The bathroom offers a shower and vanity, while the separate toilet is found adjacent. Moving along to the rear of the home and this is where it becomes obvious that this property is all business in the front and party at the back. A very generous games room is found off the sunroom, think pool table, kids playroom or dedicated theatre room. This property really does lend itself to entertaining, with direct access via the glass sliding doors out to the massive patio area and shade house. There is plenty of undercover parking for all the toys too, with an extralong carport that leads through to the single lockup garage. There are also two garden sheds and a patch of lawn for the dogs or the swing set. Whether looking for an investment or first home, do not delay in getting in touch to register your interest in viewing this property, you may just be glad you did."
8%
61.4%
$405K
6%
-$90,000
-$9,853
4.4%
2.7%
-13.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$439,000
Estimated Purchase Price
$440,000
Stamp Duty
$14,915
Transfer Fee
$293
Conveyancing
$1,535
Deposit (10%)
$44,000
Reg. Mortgage
$203
LMI Premium
$9,727
Renovation Costs
-
Total Cash/Equity Required
$71,223
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,500
$27,755
Property Management
+8.2% PA
$1,599
$2,276
Rates
+3.0% PA
$2,135
$2,786
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
$12,061
$17,859
Interest Repayments
$26,136
$26,136
Net Cashflow Before Tax
-$14,075
-$8,277
Depreciation
-
-
Tax Offset
-$4,223
-$2,483
Net Cashflow After Tax
-$9,853
-$5,794
Assumptions
Year 1
Year 10
Property Value
6.8%
$373,800
$675,741
Loan Balance
I.O
$396,000
$396,000
-$22,200
$279,741
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Retail Trade - 13.0%
Education and Training - 11.0%
Construction - 8.0%
Others - 53.0%
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