$679K
$101,252
Confidence
High
High
$765,000
Medium
$738,000
Low
$700,000
Confidence
Moderate
"First home buyers take note and look into this great opportunity in a fantastic location Great land and investment opportunity in a quiet lakeside suburb with a 1,258sqm block A partly renovated 2 bedroom home with shed and carport reside on the front half of the block Perfect property for first home buyers with future potential, or investors with potential for subdivision subject to council Located in between Wangi Rathmines shopping villages with easy access to public transport, parks, boat ramps, waterfront reserves and more Zoned R 2 for those considering future subdivision or potential with over 20 meter frontage Approx. Rental potential 440.00 to 470.00 per week Floor plans available upon request Call now for a private inspection Ideal for land banking for potential development subject to any council approvals this 1,258sqm block with over 20 meter frontage is ideal, or first home buyers who want to take advantage of the pricing and have a tidy home and a great block that can yield potential for the future. Sitting in a quiet street a short walk to waterfront and bush walking trails, there is plenty to like about the property and the location. Surrounded by lovely homes and very close to local shopping villages, primary schools and so much more, this property offers the best in value and also future growth for any owner. Call for a private inspection today or to discuss potential future development with this property From all of us at Ray White Toronto Warners Bay Wangi Wangi North Lake Macquarie, we wish you every success in the search for your next property. If you would like more detail on this or to chat about one of the many other properties we have available please call or email us today.. DISCLAIMER We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document"
-
87.3%
$698K
4.1%
$110,000
-$14,407
3.7%
2.7%
-13.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$679,000
Estimated Purchase Price
$630,000
Stamp Duty
$23,085
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$63,000
Reg. Mortgage
$164
LMI Premium
$16,223
Renovation Costs
-
Total Cash/Equity Required
$104,668
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,840
$24,533
Interest Repayments
$37,422
$37,422
Net Cashflow Before Tax
-$20,582
-$12,889
Depreciation
-
-
Tax Offset
-$6,175
-$3,867
Net Cashflow After Tax
-$14,407
-$9,022
Assumptions
Year 1
Year 10
Property Value
6.8%
$790,320
$1,428,711
Loan Balance
I.O
$567,000
$567,000
$223,320
$861,711
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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