Withheld
$151,624
Confidence
High
High
$960,000
Medium
$920,000
Low
$880,000
Confidence
Moderate
"This immaculately updated threebedroom, twobathroom brick home offers a perfect blend of modern coastal living and practicality. With a secure tandem garage with an automatic door and plenty of room for additional vehicles like golf carts and motorbikes, this property is ideal for those who need extra storage for their toys and more The expansive driveway provides ample space to park a boat, caravan, and trailer, with plenty of room for the cars. Theres an abundance of space to accommodate all your outdoor equipment. The home has been thoughtfully refreshed with new carpets in the bedrooms, freshly polished timber floorboards, new curtains and blockout blinds throughout, and a brandnew Colorbond roof. Recent upgrades also include fresh paint inside and out, modernised electrical wiring, and LED lighting, making this home movein ready with nothing left to do. Inside, the openplan living area flows effortlessly, with the kitchen seamlessly connecting to the rest of the home and extending out to the large alfresco verandah perfect for entertaining, with plenty of space for a BBQ and dining set. The entire home features ducted heating and cooling to ensure yearround comfort, with ceiling fans in the kitchen and two of the bedrooms providing extra ventilation. The spacious kitchen is filled with natural light and offers plenty of bench space and storage, along with a Smeg dishwasher and a large natural gas range, making cooking a breeze. There are two wellappointed bathrooms, one at each end of the home, providing convenience for busy households. The main bathroom features a large bathtub perfect for soaking after a long day while both bathrooms boast luxurious rainfall showerheads and frameless shower screens. With instant gas hot water throughout the home, you can expect efficiency and comfort. Downstairs, the updated and spacious laundry features a stylish butchers block benchtop, plenty of storage, and ample room for a washer and dryer. The laundry has direct access to the backyard, making it ideal as a practical mudroom. The backyard includes a large crystalclear heated swim spa cool the temperature in summer for a refreshing plunge pool, or heat up to 38 degrees in winter to soak your troubles away and enjoy yearround aqua fitness. This lowchemical swim spa has new insulated covers and is powered by an efficient external heat pump perfect for relaxation with low energy costs. The lowmaintenance yard is perfect for those seeking minimal upkeep, with bore water to the property keeping the garden green yearround. The large downstairs workshop is a fantastic space for retirees, hobbyists, or DIY enthusiasts. With abundant shelving and storage, the space can easily be customised to suit your needs. An additional spacious area on the lower level could serve as a man cave, teenage retreat, or even a wine cellar, offering plenty of options to personalise the space. Location is key, and this property is situated in a prime spot. Approximately 150 metres from Lake Macquarie, 850 metres from Blacksmiths Beach, and 1.5 kilometres from Marks Point Boat Ramp, and just minutes from Pelican waterfront, youll be able to enjoy the best of lake and beachside living. Golf lovers will appreciate the proximity to Belmont Golf Club, only 150 metres away, while walkers and cyclists can take advantage of nearby access to the Fernleigh Track. For dining and entertainment, the waterfront Lake Macquarie Yacht Club is approximately 1.7 kilometres away, and the popular Belmont 16s is just 3.3 kilometres from your doorstep. The Belmont CBD, including cafes, shops, and weekend brunch spots, is only 2.1 kilometres away. Families will love the school zoning for Marks Point Public School and Swansea High School. This property truly is the perfect opportunity for those seeking a modern coastal, refurbished lowmaintenance home with plenty of space, excellent lifestyle amenities, and a prime location. Council Rates Approx. 2,187 p.a. Water Rates Approx. 818.69 p.a. We have obtained all information in this document from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
35.1%
41.6%
$640K
3.6%
$15,000
-$20,802
3.5%
2.7%
-13.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$905,000
Stamp Duty
$35,460
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$90,500
Reg. Mortgage
$164
LMI Premium
$23,304
Renovation Costs
-
Total Cash/Equity Required
$151,624
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
$53,757
$53,757
Net Cashflow Before Tax
-$29,717
-$18,977
Depreciation
-
-
Tax Offset
-$8,915
-$5,693
Net Cashflow After Tax
-$20,802
-$13,284
Assumptions
Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$814,500
$814,500
$168,060
$961,735
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Location, 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
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