Withheld
$151,624
Confidence
High
High
$965,000
Medium
$920,000
Low
$875,000
Confidence
Medium
"Providing a rare opportunity to buy such gorgeous expanse of level land within this exceptionally central location, this fabulously private property sprawls over 2.5 tranquil acres, nestled within leafy bushland surrounds. Feeling worlds away from everything, the property creates a lush hideaway, ideal for buyers seeking privacy and space, while remaining convenient to every essential. Its just a short drive to major shopping within nearby Belmont, Bennetts Green and Charlestown Square, offering access to relaxed dining options and a diverse range of shops. Due to its location, its also ideal for those who love getting out on the water. In one direction you have the sparkling shores of Lake Macquarie, and in the other, pristine beaches and fantastic surf. Providing all the space you could need to make of it what you want, this is a property thats ready and waiting for its next chapter in life. Sprawling leafy 2.5acre corner level block in serene, private position Beautiful family home offering superb potential to modernise Three large separate living spaces with neat central kitchen Three bedrooms serviced by two tidy bathrooms and laundry Studio and dining connect to picturesque alfresco spaces Expansive verandah overlooks grassy yard towards pond Oversized greenhouse and huge garageworkshop add convenience Exceptional potential through home and extensive grounds Moments from Bennetts Green, Charlestown Square Belmont Short drive to Lake Macquarie on one side and beaches on other KEY DETAILS Council Rates 4,107pa Water Rates 30pa"
-
92.8%
$870K
4.8%
$15,000
-$19,122
3.7%
2.9%
-12.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$905,000
Stamp Duty
$35,460
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$90,500
Reg. Mortgage
$164
LMI Premium
$23,304
Renovation Costs
-
Total Cash/Equity Required
$151,624
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$26,439
$38,196
Interest Repayments
$53,757
$53,757
Net Cashflow Before Tax
-$27,318
-$15,561
Depreciation
-
-
Tax Offset
-$8,195
-$4,668
Net Cashflow After Tax
-$19,122
-$10,893
Assumptions
Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$814,500
$814,500
$168,060
$961,735
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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