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$2.4M
$391,331
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Try Picki for FREEConfidence
High
High
$970,000
Medium
$935,000
Low
$900,000
Confidence
Medium
Discover a prime opportunity with this dual-block, R3 Zoned land nestled in the heart of Belmont CBD. Spanning approximately 1,347sqm, these properties offer an ideal location, within walking distance to schools, shops, cafes, Belmont TAFE, and the picturesque Lake Macquarie foreshore. With easy access to local surf beaches and nearby hospitals, these two 3-bedroom, 1-bathroom homes present enticing prospects for investors, developers, or those wishing to land bank. Currently tenanted, take advantage of this investment or development potential while planning your future endeavors.
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Try Picki for FREELocation, 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
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 50.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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%
71.4%
$835K
3.6%
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-$22,050
3.3%
Asking Price
-
Estimated Purchase Price
$935,000
Stamp Duty
$36,810
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$93,500
Reg. Mortgage
$164
LMI Premium
$24,077
Renovation Costs
-
Total Cash/Equity Required
$156,746
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$24,040
$34,780
Interest Repayments
$55,539
$55,539
Net Cashflow Before Tax
-$31,499
-$20,759
Depreciation
-
-
Tax Offset
-$9,450
-$6,228
Net Cashflow After Tax
-$22,050
-$14,531
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$998,580
$1,805,195
Loan Balance
I.O
$841,500
$841,500
$157,080
$963,695
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