$2.4M
$370,256
Confidence
High
High
$880,000
Medium
$800,000
Low
$720,000
Confidence
Medium
"Set on approximately 1,347sqm these two blocks are prime R3 Zoned land in the CBD of Belmont. These two properties side by side are perfectly located and surrounded within an easy walk to local schools, shops, Cafes, Belmont TAFE and the tranquil foreshores of Lake Macquarie. Close proximity to local surf beaches Redhead and Blacksmiths and Newcastle inner city bypass. We also make note of the convenience of Belmont Public Hospital and Gateshead Private Hospital for those wishing to relocate to the BelmontLake Macquarie Area. Both properties offering 3bedroom, 1bathroom layouts and ample car space. Perfect opportunity for those to dare to dream, investors, developers or someone wishing to land bank. Please note that the property is currently tenanted ideal for investor or developer whilst arranging DA plans. Outgoings for 1 Albert Street, Council Rates 2,143.20 PA Approximate Water 1,084.00 PA Approximate Inspect By Appointment"
-
71.4%
-
-
-
-$22,484
2.7%
1.9%
-16.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$800,000
Stamp Duty
$30,735
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$80,000
Reg. Mortgage
$164
LMI Premium
$20,600
Renovation Costs
-
Total Cash/Equity Required
$133,695
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,400
$22,483
Interest Repayments
$47,520
$47,520
Net Cashflow Before Tax
-$32,120
-$25,037
Depreciation
-
-
Tax Offset
-$9,636
-$7,511
Net Cashflow After Tax
-$22,484
-$17,526
Assumptions
Year 1
Year 10
Property Value
6.8%
$854,400
$1,544,552
Loan Balance
I.O
$720,000
$720,000
$134,400
$824,552
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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