$5.7M
$949,903
Confidence
High
High
$2,500,000
Medium
$2,375,000
Low
$2,250,000
Confidence
Medium
"Presenting 7 Gladys Avenue Frenchs Forest, comprising 1113sqm of currently zoned R3 land all within 50 metres of an MU1 mixed use zone. Frontage of 21.3m wide allowing boarding houses, coliving housing, seniors living Potential future FSR uplift with development of Frenchs Forest Town Centre subject to Department of Planning Council approvals Easy access to Northern Beaches Hospital and new proposed Town Centre Accessible to public transport Potential to combine with adjacent R3 site enquire for more details For more information, contact Sandra Wilson on 9982 6888. Disclaimer All information contained herewith, including but not limited to the general property description, price and address, is provided to Ratcliff Mathews Real Estate by third parties. We have obtained this information from sources we believe to be reliable however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website."
-
68%
$2.3M
2.9%
$35,000
-$56,984
2.9%
2.5%
-13.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$2,340,000
Stamp Duty
$111,755
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$234,000
Reg. Mortgage
$164
LMI Premium
$66,123
Renovation Costs
-
Total Cash/Equity Required
$414,238
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$67,600
$96,216
Property Management
+7.7% PA
$5,205
$7,409
Rates
+3.0% PA
$1,427
$1,862
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
$57,591
$82,539
Interest Repayments
$138,996
$138,996
Net Cashflow Before Tax
-$81,405
-$56,457
Depreciation
-
-
Tax Offset
-$24,422
-$16,937
Net Cashflow After Tax
-$56,984
-$39,520
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,536,500
$4,585,389
Loan Balance
I.O
$2,106,000
$2,106,000
$430,500
$2,479,389
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2021 Population
Suburbs
Retail Trade - 13.0%
Health Care and Social Assistance - 13.0%
Professional, Scientific and Technical Services - 10.0%
Accommodation and Food Services - 9.0%
Others - 55.0%
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