Withheld
$150,770
Confidence
High
High
$1,040,000
Medium
$955,000
Low
$870,000
Confidence
Medium
"Solid, spacious and a great contender for a modern makeover, 72 Pacific Highway, Jewells is an outstanding opportunity for buyers seeking an affordable lifestyle purchase or a renovator searching for a home with excellent bones awaiting easy transformation. Largely original, its configured as a three bedroom dwelling with connected living and dining rooms, a largescale family room, and a vintage kitchen and bathroom. There are a few nice surprises too, with polished timber floorboards, splitsystem AC, some ornate plasterwork on ceilings and sliding French doors. A rear studio with bathroom adds extra flexibility to the property, as does a lockup garage, a rear shed, underhouse storage, a chicken coop, and a covered outdoor entertaining area. Located within 1km of Jewells tavern and shopping centre, 1200m from Bennetts Green Super Stores, and 5km from the surf of Redhead Beach or the calm shoreline of Lake Macquarie, the lifestyle rewards also speak volumes. Largely original home, vintage in style and boasting generous room sizes Readymade comfort, the home is perfectly functional as it is Lounge, dining and family rooms offer great versatility the family room is huge Two of the three bedrooms include a builtin wardrobe Generously scaled backyard waiting for your future pursuits or projects Ready for your injection of statement style and personality Located in a pocket central to shopping, dining, the coast and the lake Zoned for Jewells Primary School 1500m and Belmont High School 3.9km"
-
83.2%
$870K
4.8%
$290,000
-$9,143
5.1%
4.0%
-8.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$760,000
Estimated Purchase Price
$665,000
Stamp Duty
$24,660
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$66,500
Reg. Mortgage
$164
LMI Premium
$17,124
Renovation Costs
-
Total Cash/Equity Required
$110,644
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$26,439
$38,196
Interest Repayments
$39,501
$39,501
Net Cashflow Before Tax
-$13,062
-$1,305
Depreciation
-
-
Tax Offset
-$3,918
-$392
Net Cashflow After Tax
-$9,143
-$914
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,019,940
$1,843,809
Loan Balance
I.O
$598,500
$598,500
$421,440
$1,245,309
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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