$1.1M
$161,015
Confidence
High
High
$834,000
Medium
$800,000
Low
$765,000
Confidence
Medium
"Welcome to 16 Nerang Place, Belmont the epitome of fun, familyfriendly living in one of the most soughtafter streets Nestled in a vibrant community with fantastic neighbors and an unbeatable social vibe, this home is a dream come true. Step inside and feel the joy of modern living combined with smart technology. The spacious bedrooms come with builtin wardrobes, and the master suite is a private haven with both a builtin and walkin wardrobe, plus a luxurious ensuite. Need a cozy nook for work or study This home has you covered The northfacing house boasts an open, welcoming living space with not one but two living areas for your family to spread out and enjoy. The kitchen is a chefs delight, featuring gas appliances less than 12 months old, stone benchtops, and custom integrated exhaust and shelving. Perfect for entertaining, this home effortlessly flows into a stunning alfresco area. Get ready to host like a pro With an outdoor television perfect for movie nights under the stars and a luxurious spa for ultimate relaxation, your home will be the goto spot for friends and family. And with the builtin fire pit, your gatherings will be legendary The double garage has been cleverly converted into a versatile rumpus room, offering endless possibilities for fun and function. If you prefer a garage, the owners are happy to restore it to its original state the choice is yours Embrace the future with Google smart lighting, voicecontrolled to set the perfect mood at any moment. Whether its a cozy night in or a lively gettogether, your home will always feel just right. 16 Nerang Place isnt just a house its a lifestyle bursting with energy and excitement. Come see for yourself why this property is the ultimate place to call home. Your vibrant new life awaits Agent declares interest Approximate Rates Council 2,350 pa Water 2,270 pa"
-
91.6%
-
-
-$340,000
-$32,253
2.5%
1.9%
-16.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,200,000
Estimated Purchase Price
$1,140,000
Stamp Duty
$46,035
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$114,000
Reg. Mortgage
$164
LMI Premium
$32,214
Renovation Costs
-
Total Cash/Equity Required
$194,609
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,640
$31,364
Interest Repayments
$67,716
$67,716
Net Cashflow Before Tax
-$46,076
-$36,352
Depreciation
-
-
Tax Offset
-$13,823
-$10,906
Net Cashflow After Tax
-$32,253
-$25,446
Assumptions
Year 1
Year 10
Property Value
6.8%
$854,400
$1,544,552
Loan Balance
I.O
$1,026,000
$1,026,000
-$171,600
$518,552
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2021 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