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$598K
$102,224
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Try Picki for FREEConfidence
High
High
$620,000
Medium
$580,000
Low
$540,000
Confidence
Medium
Discover the charm of 8 Fermoy Avenue, Northam - a beautifully renovated three-bedroom home offering flexibility and modern amenities. The house includes a versatile sleep out, and a sunroom/study, perfect for adapting to various needs. A fully renovated kitchen combines old-world charm with modern appliances, including a dishwasher and electric cooking. Relax in open spaces with an updated bathroom, plus the convenience of two toilets. The gorgeous immaculate gardens offer a sanctuary, enhanced by a powered double garage with a mezzanine floor, double carport, and separate shed for additional storage or hobbies. Solar panels, a new electric hot water system, ceiling fans, a split system air conditioner, and an inbuilt fireplace ensure comfort throughout the year. Located in a sought-after area, this home is listed for offers over $598,000.
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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
Health Care and Social Assistance - 16.0%
Public Administration and Safety - 13.0%
Education and Training - 10.0%
Retail Trade - 9.0%
Others - 52.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
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
0%
65.2%
$315K
5.8%
Unlock Property Investment Scores
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Try Picki for FREE-$20,000
-$11,199
4.5%
Asking Price
$598,000
Estimated Purchase Price
$600,000
Stamp Duty
$22,515
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$60,000
Reg. Mortgage
$203
LMI Premium
$17,108
Renovation Costs
-
Total Cash/Equity Required
$102,224
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+8.2% PA
$2,217
$3,156
Rates
+3.0% PA
$1,476
$1,926
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
$19,642
$28,570
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$15,998
-$7,070
Depreciation
-
-
Tax Offset
-$4,799
-$2,121
Net Cashflow After Tax
-$11,199
-$4,949
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$540,000
$540,000
$79,440
$579,800
