$1.9M
$333,605
Confidence
High
High
$3,000,000
Medium
$2,850,000
Low
$2,700,000
Confidence
Medium
"Discover a rare opportunity in the heart of Ellis Lane. This expansive twostorey home, sitting on a magnificent acre lot, presents an exciting chance to either knock down and rebuild or renovate to create your ultimate dream home in a location thats second to none. Just a stones throw from the vibrant heart of Camden, this property promises a lifestyle of unparalleled convenience and potential. As you step into this home, youre greeted by a spacious ground level, featuring a large dining and lounge area with elegant slate flooring. The area is enhanced by a wellappointed bar and direct access to a squash court, offering an ideal space for yearround entertainment and fitness. Moving upstairs, youll find another inviting dining and lounge space, both opening onto a balcony that offers stunning views of the picturesque surroundings a perfect spot to unwind. The kitchen is thoughtfully laid out, with a separate meals area, plenty of storage, an appliance cupboard, and highquality appliances like a Smeg electric cooktop and oven. The homes layout is both spacious and versatile, with five bedrooms spread across two levels, making it ideal for family living. The expansive master bedroom on the upper level features a large quadruple builtin wardrobe. Also upstairs, two additional bedrooms come with ample space and triple builtin wardrobes. The main bathroom boasts floortoceiling tiling, chic ceramic tops, and includes a separate toilet, shower, and fitted bath. On the lower level, two more bedrooms offer flexible living options, complemented by a wellequipped laundry with an additional shower and toilet. Comfort is a priority, with Ducted Air conditioning and Split Systems throughout, ample storage, and practical car accommodation including a single garage with internal access and a double carport. This Ellis Lane property is not just a home its an opportunity. With its generous layout, size and exceptional location, its ready for you to transform it into a haven of lasting memories. Contact Meryl LaMacchia to seize this chance today on 0405 159 215 We have, in preparing this document, used our best endeavours to ensure that the information contained herein is true and accurate to the best of our knowledge. Prospective purchasers should make their own enquiries to verify the above information."
-
97.1%
-
-
$950,000
-$41,940
3.3%
2.8%
-12.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,899,000
Estimated Purchase Price
$1,900,000
Stamp Duty
$87,555
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$190,000
Reg. Mortgage
$164
LMI Premium
$53,690
Renovation Costs
-
Total Cash/Equity Required
$333,605
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,272
$1,660
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
$52,946
$75,910
Interest Repayments
$112,860
$112,860
Net Cashflow Before Tax
-$59,914
-$36,950
Depreciation
-
-
Tax Offset
-$17,974
-$11,085
Net Cashflow After Tax
-$41,940
-$25,865
Assumptions
Year 1
Year 10
Property Value
6.8%
$3,043,800
$5,502,466
Loan Balance
I.O
$1,710,000
$1,710,000
$1,333,800
$3,792,466
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2021 Population
Suburbs
Construction - 16.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 10.0%
Education and Training - 9.0%
Others - 52.0%
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