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$869K
$130,567
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$900,000
Medium
$860,000
Low
$820,000
Confidence
Medium
Discover a 3-bedroom brick and tile home in the heart of Belmont, set on an expansive 1029 SQM block with future development potential, subject to local council approval. This residence offers polished floorboards, a modernized bathroom and laundry, and a functional kitchen ideal for practical living. The property boasts a spacious alfresco and garden area filled with various fruit trees. Conveniently close to schools, parks, and major amenities like the Belmont Forum, the property provides easy access to Perth CBD and the airport. Whether you intend to live in, rent out, or develop later, this property presents diverse possibilities.
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49.1%
$450K
7.5%
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Try Picki for FREE$100,000
-$16,413
4.0%
Asking Price
$869,000
Estimated Purchase Price
$760,000
Stamp Duty
$30,256
Transfer Fee
$353
Conveyancing
$1,535
Deposit (10%)
$76,000
Reg. Mortgage
$203
LMI Premium
$21,670
Renovation Costs
-
Total Cash/Equity Required
$130,567
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,160
$42,927
Property Management
+8.2% PA
$2,473
$3,520
Rates
+3.0% PA
$2,285
$2,981
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
$21,697
$31,591
Interest Repayments
$45,144
$45,144
Net Cashflow Before Tax
-$23,447
-$13,553
Depreciation
-
-
Tax Offset
-$7,034
-$4,066
Net Cashflow After Tax
-$16,413
-$9,487
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$918,480
$1,660,393
Loan Balance
I.O
$684,000
$684,000
$234,480
$976,393
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2021 Population
Suburbs
Transport, Postal and Warehousing - 23.0%
Retail Trade - 8.0%
Manufacturing - 7.0%
Construction - 7.0%
Others - 55.0%
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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Trusted by over 13,000 property buyers and counting...
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
