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$780K
$121,626
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Try Picki for FREEConfidence
High
High
$840,000
Medium
$780,000
Low
$720,000
Confidence
Medium
This is a prime opportunity for developers priced at over $780,000. Nestled in the heart of Old Two Rocks, this 1633sqm plot features a 3-bedroom, 1-bathroom home. With R20 zoning, the land is ripe for development. The house is positioned at the front, offering significant space for further expansion. Originally two separate titles, now unified into one. A unique investment potential awaits.
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76.9%
$555K
5.4%
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Try Picki for FREE$40,000
-$16,106
3.9%
Asking Price
$780,000
Estimated Purchase Price
$740,000
Stamp Duty
$29,226
Transfer Fee
$353
Conveyancing
$1,535
Deposit (10%)
$74,000
Reg. Mortgage
$203
LMI Premium
$21,100
Renovation Costs
-
Total Cash/Equity Required
$126,967
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
$43,956
$43,956
Net Cashflow Before Tax
-$23,009
-$13,513
Depreciation
-
-
Tax Offset
-$6,903
-$4,054
Net Cashflow After Tax
-$16,106
-$9,459
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$833,040
$1,505,938
Loan Balance
I.O
$666,000
$666,000
$167,040
$839,938
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
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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
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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
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