$899K
$138,818
Confidence
High
High
$1,010,000
Medium
$975,000
Low
$940,000
Confidence
High
"To enquire, please email or call 1300 815 051 and enter code 8950 Welcome to one of the rare flat blocks in the lush and leafy surrounds of Kotara South. Dont miss this outstanding opportunity to buy into this alwayspopular family suburb. Showcasing a singlelevel, fluid design featuring 3 large bedrooms, two living spaces and a spacious kitchen featuring 27 cupboards and drawers. The diningsunroom is somewhere you can relax with a good book and observe the native birdlife in the very large flat backyard. A morning coffee or afternoon drink can be enjoyed on the front verandah or in many perfect spots in the back garden. Enjoying a location of pure convenience, youll find Joslin Street shops and cafes, local parks and playgrounds a few minutes away. Kotara Homemaker Centre, Westfield Kotara and Charlestown Square and Kotara train station a short, quick drive. The newly opened Fernleigh track out to Belmont is only 11 minutes by bike. Newcastle buses are a regular service and the bus stop is just around the corner. Local beaches are simply minutes away Dudley 8 minutes, Merewether 11 minutes, Redhead beach 14 minutes, Newcastle beach 18 minutes. Wellpresented home with solid bones, immersed in a family friendly street. Recent paintwork and large windows give the interiors a fresh vibe. Generoussized rooms with an air conditioning unit in the lounge room. Three large bedrooms, two with ceiling fans. Bathroom with walkin shower recess, second toilet off very large laundry with floor to ceiling storage. Backyard has a north easterly aspect which brings a beautiful sea breeze through the house. Lockup single garage with workshop and carport or boat shed at rear. Moments from the InnerCity bypass and near the John Hunter Hospital. In the catchment area of Kotara South Public and Kotara High School. To enquire, please email or call 1300 815 051 and enter code 8950"
-
86.5%
$887K
4.5%
$130,000
-$18,307
3.7%
2.8%
-12.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$899,000
Estimated Purchase Price
$845,000
Stamp Duty
$32,760
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$84,500
Reg. Mortgage
$164
LMI Premium
$21,759
Renovation Costs
-
Total Cash/Equity Required
$141,379
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$24,040
$34,780
Interest Repayments
$50,193
$50,193
Net Cashflow Before Tax
-$26,153
-$15,413
Depreciation
-
-
Tax Offset
-$7,846
-$4,624
Net Cashflow After Tax
-$18,307
-$10,789
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,041,300
$1,882,423
Loan Balance
I.O
$760,500
$760,500
$280,800
$1,121,923
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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