208 Jayes Road
Property Rating: 26
144 days on Market

208 Jayes Road,
Balingup, WA

house
First listed on 27/08/2024
Property Overview
Bedrooms6
Bathrooms4
Car Spaces3
Current Asking Price

$1.1M

Cash Required (10% Deposit)

$210,443

Agent

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Market Appraisal

Confidence

Medium

High

$1,060,000

Medium

$950,000

Low

$840,000

Appraised Rent

Confidence

Low

$800/week

Original Listing

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 Investment Scores

Property

Configuration

Very Poor

Street

Sweet Spot

Very Good

Suburb

Proj. Growth

Average

Overall

Investment

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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Assets

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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Spent Per Capita

$20K
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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

Tianqi Lithium Australia Pty Ltd

The Greenbushes Lithium Mine Expansion project involves the expansion of the existing lithium mine to increase production capacity

MiningUnder construction
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4

Ramelius Resources Limited

The Donnybrook Gold Project involves the development of a new gold mine in the Donnybrook area

MiningConfirmed
$25M
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
$25M
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
$15M
7

Water Corporation

Upgrade to the water supply system in DonnybrookBalingup

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8

Shire of Donnybrook-Balingup

Revitalisation of the Balingup village including upgrades to infrastructure and amenities

Transport & StorageConfirmed
$5M

Li

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

POPULATION vs SUPPLY
Balanced

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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