$1.05M
$158,454
Confidence
High
High
$950,000
Medium
$900,000
Low
$850,000
Confidence
High
"Perfectly located to take advantage of all the area has to offer. This is the lifestyle home designed to ensure easy living and low maintenance. With the lake literally 150 metres from your door you are assured lovely breezes and water activities of your choice. Paddle board to the islands, fish, kayak, jet ski or simply enjoy the tranquillity. The home has been completely stripped and renovated, everything is new including the external cladding and the Colourbond roof. The inside of the home flows seamlessly to the outside undercover front and rear which boasts an outdoor kitchen and bar fridge. The big bonus to this property is the stand alone studio which is separate from the main house. It could be used as a granny flat subject to LMCC as it does have a kitchen and a bathroom. Some of the features of the home Front veranda undercover, ideal for an afternoon drink Open plan lounge and dining which includes split system air conditioning, incredible kitchen with gas cooking, Caesarstone benchtops and soft close draws and doors Main bedroom has ensuite and built in robe Bedrooms 2 and 3 have built in robes Multipurpose room, or potential 4th bedroom Full laundry Main bathroom has a bath and walk in shower Carport with the capacity to house 2 cars if required Fully fenced yard with electric gates Studio 1 large bedroom with built in robes Living space Kitchen 2 to 3 car parking undercover Electric gate The ability to walk to everything is another feature of this home. With schools, shops, bowling club, ovals, golf course and beaches within a flat walk or 2 minute drive. This is a rare opportunity to buy something that is not only spectacular but reasonably priced considering all that it has to offer. The home has been used as an air BNB for the past 2 to 3 months. The financials can be requested. 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."
-
69.3%
$731K
5.3%
-$25,000
-$24,994
2.8%
2.1%
-16.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,000,000
Estimated Purchase Price
$925,000
Stamp Duty
$36,360
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$92,500
Reg. Mortgage
$164
LMI Premium
$23,819
Renovation Costs
-
Total Cash/Equity Required
$155,039
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
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
$19,240
$27,949
Interest Repayments
$54,945
$54,945
Net Cashflow Before Tax
-$35,705
-$26,996
Depreciation
-
-
Tax Offset
-$10,712
-$8,099
Net Cashflow After Tax
-$24,994
-$18,898
Assumptions
Year 1
Year 10
Property Value
6.8%
$961,200
$1,737,621
Loan Balance
I.O
$832,500
$832,500
$128,700
$905,121
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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