43 Brockman Street
50 days on Market

43 Brockman Street,
Balingup, WA

house
First listed on 10/10/2024
Property Overview
Bedrooms3
Bathrooms1
Car Spaces0
Current Asking Price

$480K

Cash Required (10% Deposit)

$86,507

Agent

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Market Appraisal

Confidence

Medium

High

$480,000

Medium

$450,000

Low

$420,000

Appraised Rent

Confidence

Medium

$550/week

Original Listing

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 Investment Scores

Property

Configuration

Very Good

Street

Sweet Spot

Very Good

Suburb

Proj. Growth

Good

Overall

Investment

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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Assets

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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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.

Spent Per Capita

$20K
1

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Energy, Electricity, Gas & WaterUnder construction
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2

Water Corporation

The Donnybrook Water Treatment Plant Upgrade project involves the upgrade of the existing water treatment plant to improve the quality and reliability of the water supply to the town of Donnybrook

Energy, Electricity, Gas & WaterConfirmed
$25M
3

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MiningUnder construction
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4

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MiningConfirmed
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5

Western Australian Government

The Donnybrook Hospital Redevelopment project involves the construction of a new hospital and the refurbishment of existing facilities

Community & Other servicesUnder construction
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6

Shire of Donnybrook-Balingup

The Balingup Community Centre project involves the construction of a new community centre and the refurbishment of existing facilities

Community & Other servicesConfirmed
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Water Corporation

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Transport & StorageConfirmed
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Li

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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.

Local Services

Very Poor

1

Busselton Airport

Airport

53km
2

South Regional TAFE

University

45km
3

Edith Cowan University

University

45km

Po

Population Growth

Average Population

SUPPLY vs POPULATION
Under Supply

Projected Population Growth

3.2%

projected

for 2025 to 2027

High

Su

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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.

Recent New Home Construction

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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