$2.6M
$402,326
Confidence
High
High
$880,000
Medium
$840,000
Low
$800,000
Confidence
Moderate
"Nestled in the quiet, bluechip estate of Belmont, this exquisite property offers a lifestyle of unparalleled luxury and sophistication. From its stunning architectural design to its meticulously crafted interiors, every definite detail of 8 The Mainsail, Belmont exudes elegance, grandeur and charm. Stepping inside to discover spacious living areas bathed in natural light, perfect for entertaining guests or simply unwinding after a long day. The upstairs openplan living and dining accompanies a gourmet kitchen featuring topoftheline appliances, plentiful storage and premium finishes, inspiring culinary creativity at every turn. A beautiful heating fireplace is tucked beside the kitchen, creating a cozy ambience for gatherings and relaxation. Escape to the serene oasis of the master suite, containing a fully renovated ensuite, and doored walkinrobe, with luxurious amenities and indulgent touches. Two additional bedrooms allow for ample space and privacy for the whole family, with a large downstairs area serving as an abundance of requirements, whether it be a study, rumpus, or a fourth bedroom. Outside, the expansive outdoor balcony and yard provides the space to savor the gentle breezes, host barbeque meals, and soak up exquisite views of Lake Macquaries Belmont sailboat complex just across the water. Impeccably maintained lawns and gardens offer the ultimate outdoor entertainment with the ability to install a pool or patio area on the lower lawn. With sideaccess to the backyard, van storage or a play area for kids can be made possible. A triple car garage sits at the front of the property, with ample space to serve all your vehicle needs. Additionally, behind the garage sits a shelved workshop creating the ideal, dedicated space to bringing your projects to life. Located afront Belmonts hill estate, nearing local dining, shopping, schooling and entertainment facilities, this home offers the perfect blend of luxury and convenience. With close access to the Green Point Reserve, Belmonts public jetty and swimming areas, walking tracks and so much more, experience the epitome of modern living at 8 The Mainsail, Belmont where every moment is truly exceptional Feature include Ducted airconditioning throughout Exemplary view of Lake Macquaries Boating Complex Large rumpus space downstairs capable of fitting all needs bedroom, study, etc. Side yard access, for pool installation or additional vehicle storage Stunning openplan upstairs living Roofed solar All information provided including but not limited to the property attributes, land area, floor size, price, address and general property description on the Website is provided as a convenience to you, and may have been provided to Viking Realty by third parties. Information contained on the Website should not be relied upon and you should make your own enquiries andor seek legal advice in respect of any property on the Website or the information about the property contained herein. Property Code 736"
-
84.2%
-
-
-$1,435,000
-$77,767
1.4%
1.1%
-19.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$2,600,000
Estimated Purchase Price
$2,275,000
Stamp Duty
$108,180
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$227,500
Reg. Mortgage
$164
LMI Premium
$64,287
Renovation Costs
-
Total Cash/Equity Required
$402,326
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
$135,135
$135,135
Net Cashflow Before Tax
-$111,095
-$100,355
Depreciation
-
-
Tax Offset
-$33,329
-$30,107
Net Cashflow After Tax
-$77,767
-$70,249
Assumptions
Year 1
Year 10
Property Value
6.8%
$897,120
$1,621,780
Loan Balance
I.O
$2,047,500
$2,047,500
-$1,150,380
-$425,720
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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