$929K
$144,088
Confidence
High
High
$1,110,000
Medium
$975,000
Low
$840,000
Confidence
Medium
"This is a fabulous opportunity to invest in something very special 21063 South Western Highway in Mullalyup could be considered a bit of a land mark for this stretch of road, most recently known as the Blackwood Emporium Chocolate factory and previously housing an art gallery. This property has so much scope for running a successful business. The property provides the option of using the front building as a residential building if you arent looking at a business venture and with there being a second dwelling also on site this is where the value really starts to become evident Building one Galley style show kitchen with an adjoined commercial kitchen and large pantry. One spacious loft style bedroom with ensuite and private balcony. Separate dining room featuring historic wooden beams and exposed brick. Additional open plan dining. This building is perfect for entertaining Large lounge room with double aspect fireplace. Two bathrooms, four toilets. Reverse cycle air conditioning to several rooms, including the laundry Solar panels. Secure fenced backyard. Shed space for storage. Building two Rammed earth four bedroom, one bathroom home. Gorgeous kitchen, dining space positioned to the rear of the house with views out to farmland. Fireplace and reverse cycle air conditioning. A loft space which would make a great office space or hang out for the kids. Below ground saltwater pool. Double carport. The grounds for this property are meticulously kept with lush lawns, and a blend of cottage gardens with natives. The layout is also well thought out with space between the two buildings allowing for privacy. There is also plenty of parking for guests if you were to use the property as a venue. This is a unique property that has had all of the work completed to run a successful business or perhaps you could buy in with a friend or family member for two quality homes at a fantastic price Call Alison today to inspect Disclaimer The information contained in this website has been prepared by eXp Australia Pty Ltd the Company andor an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website."
-
78.7%
-
-
$70,000
-$11,787
5.2%
4.1%
-7.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$975,000
Estimated Purchase Price
$905,000
Stamp Duty
$37,723
Transfer Fee
$393
Conveyancing
$1,535
Deposit (10%)
$90,500
Reg. Mortgage
$203
LMI Premium
$25,805
Renovation Costs
-
Total Cash/Equity Required
$156,709
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$46,800
$66,611
Property Management
+8.2% PA
$3,838
$5,462
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
$36,918
$53,263
Interest Repayments
$53,757
$53,757
Net Cashflow Before Tax
-$16,839
-$494
Depreciation
-
-
Tax Offset
-$5,052
-$148
Net Cashflow After Tax
-$11,787
-$346
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,041,300
$1,882,423
Loan Balance
I.O
$814,500
$814,500
$226,800
$1,067,923
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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
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
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price