Arcadia Vale, NSW
Lake Macquarie (C)
3
1
1
house
First listed on 21/06/2024
Current Asking Price
Target Purchase Price:$610,000
Market Appraised Value
High Confidence
Market Appraised Rent
Cash Required
Nathan Wood
None
70.4%
$818K
3.5%
$0
-$10,921
4.5%
3.4%
-10.8%
6.0%
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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.
2016 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 50.0%
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
Asking Price
$749,000
Estimated Purchase Price
$730,000
Stamp Duty
$27,585
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$73,000
Reg. Mortgage
$164
LMI Premium
$18,798
Renovation Costs
$0
Total Cash/Equity Required
$121,743
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,508
$39,152
Property Management
+7.7% PA
$2,118
$3,015
Rates
+3.0% PA
$1,381
$1,802
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$20,632
$29,930
Interest Repayments
$43,362
$43,362
Net Cashflow Before Tax
-$22,730
-$13,432
Depreciation
$0
$0
Tax Offset
-$6,819
-$4,030
Net Cashflow After Tax
-$15,911
-$9,403
Assumptions
Year 1
Year 10
Property Value
6.8%
$779,640
$1,409,404
Loan Balance
I.O
$657,000
$657,000
$122,640
$752,404
The image shows the front exterior of a property with a gravel driveway leading to a carport and main entrance. It features a fenced perimeter and is shaded by mature trees. There are multiple cars and a for sale sign at the entrance.
The property appears to be in an average condition compared to similar properties in both the national and local context. The exterior shows a well-maintained fence and carport with external lighting. The driveway and some surrounding areas require minor upkeep.
Fencing, Carport, External lighting
New driveway surface, Landscaping
Updating the driveway surface would improve the property's curb appeal and provide a smoother, more attractive entrance. Additional landscaping could elevate the overall aesthetic, making the property more appealing and potentially increasing its value.