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$495K
$90,747
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High
-
Medium
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Low
-
Confidence
This property stands in a prime location, just steps from shopping, the beach, school, and a popular tavern. The large corner block offers a carport and multiple access points with ample yard space. Inside, you'll find a spacious dining and kitchen area equipped with a split system air conditioner, leading to a comfortable lounge and additional sleepout area. The home features two generous bedrooms, a separate bathroom and WC, and a rear verandah. Extra storage is available in the separated laundry. While the property boasts a strong leasing history, it will require some TLC to make it truly shine. Located in Lancelin, a town noted for its zero vacancy rate since 2019, it’s an attractive investment or personal residence. Inspection is by appointment only with a two-day notice requirement.
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64.7%
$580K
4.1%
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Try Picki for FREE-$35,000
-$10,304
4.4%
Asking Price
$465,000
Estimated Purchase Price
$500,000
Stamp Duty
$17,765
Transfer Fee
$293
Conveyancing
$1,535
Deposit (10%)
$50,000
Reg. Mortgage
$203
LMI Premium
$11,053
Renovation Costs
-
Total Cash/Equity Required
$81,399
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
$29,700
$29,700
Net Cashflow Before Tax
-$14,720
-$7,778
Depreciation
-
-
Tax Offset
-$4,416
-$2,333
Net Cashflow After Tax
-$10,304
-$5,444
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$496,620
$897,771
Loan Balance
I.O
$450,000
$450,000
$46,620
$447,771
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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
