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$390K
$67,830
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$420,000
Medium
$380,000
Low
$340,000
Confidence
Low
This 6.3-acre property in desirable Balingup offers a unique opportunity for self-sufficiency. Situated on a corner lot with a wide verge frontage, it provides ample space and privacy. The northerly aspect is perfect for building an energy-efficient, solar passive home. Fertile soil is ideal for gardening, while there's room for livestock and a chicken coop. A small hidden 6x6m shed adds utility, and remnants of a heritage orchard offer character. Opportunity exists to develop this lot alongside an adjoining property, with potential for stunning elevated views of Balingup landscape.
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80.4%
$610K
6.5%
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Try Picki for FREE-$20,000
-$9,167
4.5%
Asking Price
$390,000
Estimated Purchase Price
$400,000
Stamp Duty
$13,015
Transfer Fee
$273
Conveyancing
$1,535
Deposit (10%)
$40,000
Reg. Mortgage
$203
LMI Premium
$8,842
Renovation Costs
-
Total Cash/Equity Required
$64,418
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+8.2% PA
$1,492
$2,124
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
$10,664
$15,894
Interest Repayments
$23,760
$23,760
Net Cashflow Before Tax
-$13,096
-$7,866
Depreciation
-
-
Tax Offset
-$3,929
-$2,360
Net Cashflow After Tax
-$9,167
-$5,506
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$405,840
$733,662
Loan Balance
I.O
$360,000
$360,000
$45,840
$373,662
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2021 Population
Suburbs
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%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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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
