$1.05M
$154,185
Confidence
High
High
$1,080,000
Medium
$1,035,000
Low
$990,000
Confidence
Moderate
"This home is well located on a large 783 square metre block with amazing gardens and room for all the toys. The home offers 4 bedrooms along with generous living and entertaining spaces. Flowing seamlessly from front to back, this home offers a magnificent veranda running the entire length of the home at the front. There are so many extras provided from the offstreet parking, garaging, and sitting areas around the home. The home has been lovingly renovated by the current owner to ensure that there is nothing to do except enjoy. Situated in a quiet culdesac in one of the most soughtafter areas in Belmont North which is surrounded by quality homes. This will ensure that appreciation is achieved. Included in the home Steel frame walls and timber trusses, brick and tile Solar hot water with electric boost. Front veranda the entire length of the home Formal entry via security door Formal lounge with combustion heater, split system air conditioning and fan Family room and dining room Living room leading to the outside Main bedroom has ensuite and fan with built in robe Bedroom 2 has built in robes and split system air conditioning Bedrooms 3 and 4 have built in robes Laundry with a 3rd toilet Double garage with a workshop and ample storage 2 garden sheds Side access for a van, boat or Winnebago Close to the Fernleigh Track, Four Wheel Drive Access, Redhead Beach and beautiful Lake Macquarie. Boasting an oversized double garage with carport and room for a van or a boat. Belmont North is central to everything, including Jewells Shopping Centre and Tavern, Jewells Primary School and link roads to Newcastle City, Charlestown Square and South to Sydney. High School is also close by with Belmont High only 3 kilometres away. If private education is important then Belmont Christian College is only 3 kilometres from your front door. Everything is at your fingertips. This home presents as a great opportunity. Disclaimer We have obtained all information provided here from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions."
-
92%
$1.1M
4%
$15,000
-$18,864
4.1%
3.3%
-11.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,100,000
Estimated Purchase Price
$1,020,000
Stamp Duty
$40,635
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$102,000
Reg. Mortgage
$164
LMI Premium
$26,265
Renovation Costs
-
Total Cash/Equity Required
$171,260
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
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
$33,639
$48,443
Interest Repayments
$60,588
$60,588
Net Cashflow Before Tax
-$26,949
-$12,145
Depreciation
-
-
Tax Offset
-$8,085
-$3,644
Net Cashflow After Tax
-$18,864
-$8,502
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,105,380
$1,998,264
Loan Balance
I.O
$918,000
$918,000
$187,380
$1,080,264
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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