$1.25M
$230,064
"Boasting an uninterrupted outlook across the lake and set in an amazing waterside location with a Northern aspect this cottage simply oozes character and charm. Positioned on a generous 702m2 block with a sprawling front yard directly opposite the Tuggerah Lake foreshore, with its iconic walkway and cycleway, this property offers an exciting opportunity to purchase in a highly sought after location. Uniquely updated presented the home offers character and warmth while capturing the natural beauty offered by the Lakeside position. A spacious main living room, features timber floors and tall glass sliding doors, enjoying lake views while opening onto the covered alfresco deck also built to capture the full spectacle of the outlook. There are 3 spacious bedrooms all complemented by high ceilings and fans. One with an ensuite and robe while another has robes as well as a sitting room parents retreat looking directly onto the Lake. In the centre or heart of this home, the kitchen is spacious and offers a dishwasher as well as a ceramic cooktop and oven. A stylish main bathroom features a jacuzzi style bath plus shower, toilet vanity. There is a study area at the rear of the home plus a walk in linen press and internal laundry complete with cabinetry fit out. The rear yard is fully fenced private with a deck area, storage room garden shed, while a roller door on the side provides a secure parking space through secondary access to the property from Norton Avenue via a right of carriageway. Picture perfect in both presentation and location, this Charming Lakeside Cottage is the ideal place to raise a family, retire to, holiday in or rent out while you make plans to relocate in the future. Currently a holiday home Air BNB there are ample options on offer. Close to Killarney Vale Shops, Bateau Bay Square, Shelly Beach Golf Club. 15 minutes to Tuggerah Station, Westfield Shopping and the M1. This is the ultimate coastal lifestyle offering in a picture perfect location. SMS 22LUCINDA to 0429 272 028 for an information Ebook. DISCLAIMER This advertisement contains information provided by third parties. While all care is taken to ensure otherwise, First National Real Estate Coastwide, does not make any representation as to the accuracy of any of the information contained in the advertisement, does not accept any responsibility or liability and recommends that any client make their own investigations and enquiries."
-
66.4%
$860K
4.5%
$15,000
-$20,403
3.7%
2.9%
-12.6%
6.0%
Asking Price
-
Estimated Purchase Price
$965,000
Stamp Duty
$38,160
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$96,500
Reg. Mortgage
$164
LMI Premium
$24,849
Renovation Costs
-
Total Cash/Equity Required
$161,869
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$35,360
$50,328
Property Management
+7.7% PA
$2,723
$3,875
Rates
+3.0% PA
$1,086
$1,417
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
$28,174
$40,630
Interest Repayments
$57,321
$57,321
Net Cashflow Before Tax
-$29,147
-$16,691
Depreciation
-
-
Tax Offset
-$8,744
-$5,007
Net Cashflow After Tax
-$20,403
-$11,684
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,046,640
$1,892,076
Loan Balance
I.O
$868,500
$868,500
$178,140
$1,023,576
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2016 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 9.0%
Construction - 8.0%
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