$480K
$86,507
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Medium
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
$550/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
79.1%
Median Street Sold Price
$475K
Median Street Rental Yield
4.8%
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Property
Very Good
Street
Very Good
Suburb
Good
Overall
Very Good
Under Market Value
-$55,000
Net Cashflow PA
-$6,850
Gross Yield
5.7%
Purchase Costs
Asking Price
$480,000
Estimated Purchase Price
$505,000
Stamp Duty
$18,003
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$50,500
Reg. Mortgage
$203
LMI Premium
$11,164
Renovation Costs
-
Total Cash/Equity Required
$82,267
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Expenses
Property Management
+8.2% PA
$2,345
$3,338
Rates
+3.0% PA
$2,339
$3,052
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
$20,211
$29,483
Interest Repayments
$29,997
$29,997
Net Cashflow Before Tax
-$9,786
-$514
Depreciation
-
-
Tax Offset
-$2,936
-$154
Net Cashflow After Tax
-$6,850
-$360
Balance Sheet
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Assumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Liabilities
Loan Balance
I.O
$454,500
$454,500
Net Equity
$26,100
$414,310
Property Inspection Report
Property Overview
Nestled at 43 Brockman Street, Balingup, this charming cottage offers more than just a home. Located conveniently across from a park and close to Balingup's vibrant cafe strip, the property features a spacious 1,137 sqm corner block. The cozy lounge area boasts vintage appeal with timber panelled walls and a striking pressed tin ceiling, complemented by a large wood fire. A wide hallway connects the living spaces to two large bedrooms with built-in wardrobes and a functional study, ideal for remote work. The kitchen is equipped with a 900mm gas cooktop and opens up through double glass doors to a relaxing verandah space. At the rear, practical amenities like a bathroom, laundry, private toilet, and backyard access to a vibrant garden and fruit trees complete the picture. Additional features include high ceilings, aesthetic wood finishing, and a 7 x 4.5 metre workshop suitable for storage and creative endeavors. This property marries vintage charm with modern potential.
Inspection Checklist
- Confirm property size and boundaries with official documents.
- Assess the condition of timber panelled walls and pressed tin ceilings.
- Evaluate the functionality of the wood fire and inspect its maintenance history.
- Check the condition of built-in wardrobes in bedrooms.
- Test the gas cooktop and verify its safety checks.
- Examine the condition of verandah doors and their fittings.
- Inspect the bathroom and laundry for plumbing issues.
- Assess the health and variety of fruit trees in the backyard.
- Verify dimensions and structure of the workshop.
- Consider noise levels and overall ambiance at different times of day.
- Review local council regulations and possible changes affecting property.
Questions for Agent
- Can you provide more details about the history of the property and any renovations?
- What is the age and condition of the wood fire, and when was it last serviced?
- Are there any known issues with the plumbing or electrical systems in the house?
- How is the natural light within the different areas of the house?
- Could you provide more information about the neighbors and local community?
- Are there any future developments planned in the vicinity that could impact the property?
- What is the property’s exposure to natural risks like flooding or bushfires?
- What are the provisions for parking on or near the property?
- Can you detail the rate of utilities and other service charges?
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Location Opportunity
Donnybrook Balingup Shire statistics
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.
6,155
2021 Population
22
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Poor
Agriculture, Forestry and Fishing - 25.0%
Retail Trade - 10.0%
Education and Training - 9.0%
Health Care and Social Assistance - 9.0%
Others - 47.0%
income growth
Average
Average Income
COMMUTE TIME
158mins
80kms
Average
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
3.2%
projected
for 2025 to 2027
High
Su
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1.5%
Average
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Poor
Average Rental Yield
VACANCY RATE
Poor
Average Vacancy Rate
Days of Supply
Poor
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Good
Average Population
Pricing
Sold Price
Asking Price
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