$1.1M
$210,443
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Try Picki for FREEConfidence
Medium
High
$1,060,000
Medium
$950,000
Low
$840,000
Confidence
Low
$800/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
80.4%
Median Street Sold Price
$610K
Median Street Rental Yield
6.5%
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Property
Very Poor
Street
Very Good
Suburb
Average
Overall
Poor
Under Market Value
-$235,000
Net Cashflow PA
-$26,771
Gross Yield
3.5%
Purchase Costs
Asking Price
$1,100,000
Estimated Purchase Price
$1,185,000
Stamp Duty
$52,143
Transfer Fee
$433
Conveyancing
$1,535
Deposit (10%)
$118,500
Reg. Mortgage
$203
LMI Premium
$37,079
Renovation Costs
-
Total Cash/Equity Required
$210,443
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Expenses
Property Management
+8.2% PA
$3,411
$4,855
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
$32,145
$46,469
Interest Repayments
$70,389
$70,389
Net Cashflow Before Tax
-$38,244
-$23,920
Depreciation
-
-
Tax Offset
-$11,473
-$7,176
Net Cashflow After Tax
-$26,771
-$16,744
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Liabilities
Loan Balance
I.O
$1,066,500
$1,066,500
Net Equity
-$51,900
$767,655
Property Inspection Report
Property Overview
Welcome to Jayes Road, a property that marries the timeless charm of country living with modern conveniences. This 4.98-acre estate offers a versatile opportunity for both a family home or a potential business, such as a bed and breakfast or Airbnb. With six bedrooms, stunning timber floors, and multiple fireplaces, the home exudes warmth and character. The industrial-style kitchen and built-in bar cater to grand entertaining. Outside, the grounds feature fruit trees and rose bushes. Convenient local school bus services and proximity to the Bibbulumun track make it a family-friendly haven.
Inspection Checklist
- Verify the zoning laws for running a bed and breakfast or Airbnb business.
- Check the condition of the timber floors and dado paneling.
- Inspect the industrial kitchen appliances for functionality and condition.
- Assess the condition of the fireplaces and HVAC systems.
- Inspect the ensuite rooms and ensure French doors are in good working order.
- Examine the roof and look for any signs of leaks or damage.
- Inspect the water tanks and ensure they are operational and up to code.
- Check condition and accessibility of the driveway and parking areas.
- Assess the outdoor space for any potential issues with drainage or pests.
- Explore the property boundaries and condition of fencing, if any.
Questions for Agent
- Can you provide more information on the zoning laws regarding running a bed and breakfast or Airbnb?
- Are there any recent updates or repairs made to the property, particularly the HVAC systems or fireplaces?
- Can you give details about the age and condition of the kitchen appliances?
- Are there any warranties or guarantees on the work done or systems in place?
- How does the property's location impact insurance rates, specifically in relation to bushfire risk given the proximity to the Bibbulumun track?
- Is there any known history of pest issues, and how has it been managed?
- What are the typical utility costs for a property like this?
- What is the current state of the water tanks, and are there any water access rights?
- Can you provide information on the local bus services to primary and high schools?
- Has the property been subdivided or is there potential for future subdivision?
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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
POPULATION vs SUPPLY
Balanced
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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