Success, WA
Cockburn (C)
2
1
1
apartment
First listed on 24/06/2024
Current Asking Price
Target Purchase Price:$425,000
Market Appraised Value
High Confidence
Market Appraised Rent
Cash Required
Kasey Summers
None
69.2%
$918K
6.8%
$0
-$7,029
5.4%
3.6%
-10.2%
6.0%
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Asking Price
$750,000
Estimated Purchase Price
$805,000
Stamp Duty
$32,573
Transfer Fee
$373
Conveyancing
$1,535
Deposit (10%)
$80,500
Reg. Mortgage
$203
LMI Premium
$22,954
Renovation Costs
$0
Total Cash/Equity Required
$138,688
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,776
$32,417
Property Management
+8.2% PA
$1,868
$2,658
Rates
+3.0% PA
$2,000
$2,610
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
$15,203
$22,315
Interest Repayments
$47,817
$47,817
Net Cashflow Before Tax
-$32,614
-$25,502
Depreciation
$0
$0
Tax Offset
-$9,784
-$7,650
Net Cashflow After Tax
-$22,830
-$17,851
Assumptions
Year 1
Year 10
Property Value
6.8%
$859,740
$1,554,205
Loan Balance
I.O
$724,500
$724,500
$135,240
$829,705
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2016 Population
Suburbs
Manufacturing - 15.0%
Construction - 14.0%
Retail Trade - 11.0%
Education and Training - 7.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price
The image depicts an inside study area with a comfortable chair, desk, computer, and ample storage solutions. The room benefits from natural light from a large window. The condition of the room is average, and it could benefit from updates such as new flooring and a fresh coat of paint.
The study room appears to be in average condition compared to properties nationwide and within the suburb. The room is functional with good natural light and sufficient storage space, but it lacks modern finishes.
Large windows for natural light, Ample storage space
New Flooring, Repaint Walls
Updating the flooring and repainting the walls can enhance the overall appeal of the room, making it more attractive to potential buyers or tenants. Modern finishes and a fresh look can significantly increase the room's functionality and aesthetic appeal.