$335K
$60,178
Confidence
High
High
$600,000
Medium
$525,000
Low
$450,000
Confidence
Medium
"New on the market is this ripper little cottage. Situated right opposite the stunning beach at Horrocks. This beach was voted the best beach in Australia in 2017 and it really lives up to the hype. This little cottage is right at the front of the beach cottages right across the road from the park which leads to the ocean, you truly could not get better. There are 2 bedrooms and kitchen dining come lounge room, and if this is too small for you, you are able to knock it down and rebuild to the height of the road which will give you even better views over the ocean. Horrocks has a fabulous laid back easy vibe to it, and in the holidays, it is busy, so if you wish you may be able to rent this property out in the times that you dont use it and at least then it can pay for itself. So, if you would like any more information about this wonderful cottage, please call Trish Longva at Elders Real Estate Geraldton on 0429654999 to arrange a viewing."
-
86.4%
-
-
$150,000
-$7,638
4.7%
3.0%
-12.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$335,000
Estimated Purchase Price
$375,000
Stamp Duty
$11,828
Transfer Fee
$273
Conveyancing
$1,535
Deposit (10%)
$37,500
Reg. Mortgage
$203
LMI Premium
$8,290
Renovation Costs
-
Total Cash/Equity Required
$60,178
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$17,680
$25,164
Property Management
+8.2% PA
$1,450
$2,063
Rates
+3.0% PA
$1,162
$1,516
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
$11,363
$16,750
Interest Repayments
$22,275
$22,275
Net Cashflow Before Tax
-$10,912
-$5,525
Depreciation
-
-
Tax Offset
-$3,274
-$1,657
Net Cashflow After Tax
-$7,638
-$3,867
Assumptions
Year 1
Year 10
Property Value
6.8%
$560,700
$1,013,612
Loan Balance
I.O
$337,500
$337,500
$223,200
$676,112
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 26.0%
Accommodation and Food Services - 17.0%
Retail Trade - 10.0%
Education and Training - 9.0%
Others - 38.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price