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$1.8M
$355,008
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,900,000
Medium
$1,750,000
Low
$1,600,000
Confidence
Medium
Discover a secluded paradise at Heron Drive, featuring an architecturally designed home with simplicity and clean lines. Spanning 9,994m2, the home has a skillion roof, timber finishes, and burnished concrete. A spacious open-plan living area with large sliding doors allows natural light, centered around a stone fireplace. The modern kitchen offers Caesarstone benchtops, an induction cooktop, and a butler's pantry with ample storage. It offers three bedrooms, including a master with ensuite and walk-in wardrobe. Outside, enjoy two alfresco spaces and native gardens. Only 5 minutes from Prevelly Beach and Margaret River town center.
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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
Accommodation and Food Services - 13.0%
Retail Trade - 12.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 54.0%
Average Income
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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%
73.7%
-
-
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Try Picki for FREE-$285,000
-$63,422
1.9%
Asking Price
$1,895,000
Estimated Purchase Price
$2,035,000
Stamp Duty
$95,918
Transfer Fee
$593
Conveyancing
$1,535
Deposit (10%)
$203,500
Reg. Mortgage
$203
LMI Premium
$63,676
Renovation Costs
-
Total Cash/Equity Required
$365,975
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+8.2% PA
$3,198
$4,552
Rates
+3.0% PA
$1,821
$2,376
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
$30,276
$43,747
Interest Repayments
$120,879
$120,879
Net Cashflow Before Tax
-$90,603
-$77,132
Depreciation
-
-
Tax Offset
-$27,181
-$23,140
Net Cashflow After Tax
-$63,422
-$53,992
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,869,000
$3,378,707
Loan Balance
I.O
$1,831,500
$1,831,500
$37,500
$1,547,207
