14 Bunker Way
Property Rating: 99
94 days on Market

14 Bunker Way,
Northam, WA

house
First listed on 31/08/2024
Property Overview
Bedrooms3
Bathrooms1
Car Spaces2
Current Asking Price

$439K

Cash Required (10% Deposit)

$80,551

Agent

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Market Appraisal

Confidence

High

High

$445,000

Medium

$420,000

Low

$395,000

Appraised Rent

Confidence

Medium

$430/week

Original Listing

Street Statistics

Public Housing (%)

1.7%

Owner Occupiers (%)

82.8%

Median Street Sold Price

$108K

Median Street Rental Yield

27.1%

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Property Investment Scores

Property

Configuration

Very Good

Street

Sweet Spot

Very Good

Suburb

Proj. Growth

Very Good

Overall

Investment

Very Good

Under Market Value

-$20,000

Net Cashflow PA

-$7,553

Gross Yield

5.1%

Purchase Costs

Asking Price

$439,000

Estimated Purchase Price

$440,000

Stamp Duty

$14,915

Transfer Fee

$293

Conveyancing

$1,535

Deposit (10%)

$44,000

Reg. Mortgage

$203

LMI Premium

$9,727

Renovation Costs

-

Total Cash/Equity Required

$71,223

Income Statement (Cashflow)

Income

Assumptions

Year 1

Year 10

Rent Received

+4.0% PA

$22,360

$31,825

Expenses

Property Management

+8.2% PA

$1,834

$2,610

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

$15,345

$22,456

Interest Repayments

$26,136

$26,136

Net Cashflow Before Tax

-$10,791

-$3,680

Depreciation

-

-

Tax Offset

-$3,237

-$1,104

Net Cashflow After Tax

-$7,553

-$2,576

Balance Sheet

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Assets

Assumptions

Year 1

Year 10

Property Value

6.8%

$448,560

$810,890

Liabilities

Loan Balance

I.O

$396,000

$396,000

Net Equity

$52,560

$414,890

Property Inspection Report

Property Overview

Explore modern living in this 2010-built brick veneer and Colorbond home nestled in the desirable Golf Course Estate. Occupying a 741 sqm block, this residence offers ample space and privacy, set back from the road. The home includes an open-plan kitchen, dining, and lounge area, ideal for family living and entertaining. With three bedrooms and a well-appointed bathroom, it caters to comfort and functionality. A brick car garage enhances convenience, while the front yard is ready for your creative landscaping vision. An excellent choice for families, newcomers to the property market, or savvy investors.

Inspection Checklist

  • Check the condition of the brick veneer and Colorbond materials.
  • Inspect the open-plan kitchen, dining, and lounge area for any signs of wear and tear.
  • Evaluate the size and layout of the bedrooms for suitability.
  • Examine the bathroom for quality of fixtures and overall condition.
  • Assess the property’s overall privacy level, considering its setback from the road.
  • Inspect the brick car garage for structural integrity and storage space.
  • Consider the front yard’s potential for landscaping and any additional features you may wish to add.

Questions for Agent

  • Can you provide more details on the materials and construction quality used for the brick veneer and Colorbond?
  • What are the specific dimensions of the living areas, bedrooms, and bathroom?
  • How is the privacy from neighboring properties and traffic ensured?
  • Is there any recent maintenance or updates completed on the property since it was built in 2010?
  • Can you share the annual property taxes and any homeowner association fees?
  • What are the nearby amenities and community features around the Golf Course Estate?
  • Are there any restrictions or guidelines for landscaping the front yard?

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Location Opportunity

Northam 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.

11,358

2021 Population

20

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Diverse

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%

income growth
High

Average Income

COMMUTE TIME

231mins

119kms

Poor

Pr

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Spent Per Capita

$45K
1

Synergy

A 10MW solar farm project located near Northam Western Australia

Energy, Electricity, Gas & WaterConfirmed
$10M
2

Water Corporation

An upgrade to the Northam Water Treatment Plant to improve water quality and increase capacity

Energy, Electricity, Gas & WaterConfirmed
$25M
3

APA Group

A proposed gas pipeline to transport gas from the Berkshire Creek field to the Parmelia Gas Pipeline

Energy, Electricity, Gas & WaterUnder consideration
$50M
4

Newmont Goldcorp

The Boddington Gold Mine is one of Australias largest gold mines producing over 700000 ounces of gold per year

MiningConfirmed
$2500M
5

Western Areas Ltd

The Spotted Quoll Nickel Mine is a nickel sulphide mine located near the town of Northam Western Australia

MiningUnder construction
$120M
6

Western Areas Ltd

The Flying Fox Nickel Mine is a nickel sulphide mine located near the town of Northam Western Australia

MiningConfirmed
$150M
7

Western Australian Government

The Northam Health Service Redevelopment project involves the construction of a new hospital and the refurbishment of existing facilities to improve healthcare services in the region

Community & Other servicesUnder construction
$25M
8

Shire of Northam

The Northam Community and Recreation Centre project involves the construction of a new community centre and recreation facility to provide improved amenities for local residents

Community & Other servicesConfirmed
$15M
9

Western Australian Government

The Avon Valley Early Childhood Education and Care Centre project involves the construction of a new early childhood education and care centre to provide improved services for local families

Community & Other servicesUnder consideration
$10M
10

Arc Infrastructure

The Northam Freight Facility is a new freight handling facility being built in Northam Western Australia The facility will provide a critical link between the eastern states and Western Australias resourcerich regions

Transport & StorageUnder construction
$25M
11

Shire of Northam

The Avon Valley Rail Trail is a proposed rail trail that will follow the former railway line from Northam to Toodyay The trail will provide a safe and scenic route for cyclists walkers and horse riders

Transport & StorageConfirmed
$30M
12

Shire of Northam

A proposed revitalisation of the Northam town centre including new shops cafes and community facilities

Mixed useUnder consideration
$5M
13

Private Developer

A proposed industrial estate to be built in Northam providing space for businesses and industries to operate

Finance, Property & Business servicesUnder consideration
$30M
14

WA Country Health Service

A project to redevelop the Northam Health Service including upgrades to facilities and equipment

Finance, Property & Business servicesConfirmed
$22M
15

Private Investor

Expansion of the existing Northam Motor Inn to include additional rooms and amenities

AccommodationUnder consideration
$5M
16

Local Developer

Construction of a new accommodation complex in the Avon Valley region featuring hotel rooms apartments and amenities

AccommodationConfirmed
$15M
17

Australian Rail Track Corporation (ARTC)

An upgrade to the freight rail network in Northam Western Australia to improve efficiency and capacity

TradeConfirmed
$25M
18

DevelopmentWA

A proposed industrial estate development in Northam Western Australia to support local businesses and industry

TradeUnder consideration
$50M
19

Water Corporation

The Northam Irrigation Scheme is a 25 million project to provide a reliable water supply to farmers in the Northam area

Agriculture, Forestry & FishingUnder construction
$25M
20

Avon Valley Beef Pty Ltd

The Avon Valley Beef Feedlot is a 30 million project to establish a 10000head beef feedlot in the Northam area

Agriculture, Forestry & FishingConfirmed
$30M
21

Department of Agriculture, Water and the Environment

The Northam Agricultural College is a proposed 20 million project to establish a new agricultural college in the Northam area

Agriculture, Forestry & FishingUnder consideration
$20M
22

Main Roads Western Australia

The Northam Bypass project involves the construction of a new bypass road to improve traffic flow and reduce congestion in the town of Northam

GovernmentConfirmed
$30M
23

Water Corporation

The Northam Water Supply Upgrade project involves the upgrade of the water supply infrastructure in Northam to improve the reliability and quality of the water supply

GovernmentUnder consideration
$20M

Li

Local Services

Very Poor

1

Coles

Supermarket

5km
2

Woolworths

Supermarket

5km
3

Perth Airport

Airport

69km
4

Jandakot Airport

Airport

85km
5

North Metropolitan TAFE Midland

University

62km

Po

Population Growth

Average Population

POPULATION vs SUPPLY
Balanced

Projected Population Growth

3.3%

projected

for 2025 to 2027

Low

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

0.8%

Average
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

RENTAL YIELD
Excellent

Average Rental Yield

VACANCY RATE
Excellent

Average Vacancy Rate

Days of Supply
Poor

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Excellent

Average Population

Pricing

Sold Price

Asking Price

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