Withheld
$312,530
Confidence
High
High
$3,820,000
Medium
$3,550,000
Low
$3,280,000
Confidence
Medium
"1B Malvern Ave 148 Pittwater Rd Manly With an enchanting houselike duallevel semi with frontage to the peaceful leafy Malvern Avenue and a fully leased commercial shopfront with prime exposure to Pittwater Road, this extraordinary mixed zoning property offers a rare home and incomeprime investment opportunity. Artfully transformed from its early 1920s origins, the stylish residence offers a highly functional and versatile layout ideal for family living and spectacular indooroutdoor entertaining. Placed on private, nearlevel, easycare gardens, its exclusive address is only a few hundred metres from the rolling waves at Manly Beach and a selection of humming eateries. Spacious living room with soaring ceilings, storage cabinetry and surround sound Separate dining room flows to covered entertainers terrace with bench seating The terrace extends to a private walled tropical courtyard with a spa bath Modern open plan kitchen with timber cabinetry and ssteel dishwasher Large loft retreat with air conditioning makes for an ideal media room or office Double bedroomsbuiltins, second bedroom has ensuite, entrylevel powder room The main bedroom has a chic ensuite with a corner spa and opens to a deck High ceilings, polished concrete and timber flooring, glass brick feature walls 145,567 approximate annual return 1,850pw for the residence, 941.70pw for shopfront Two minute stroll to Manly Beach and eateries, short stroll to the village and wharf Secure car space, secure access via video intercom and keypad, beach shower We have obtained all information in this listing from sources we believe to be reliable however, we cannot guarantee its accuracy."
-
43.8%
-
-
$55,000
-$88,210
2.7%
2.3%
-14.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$3,495,000
Stamp Duty
$175,280
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$349,500
Reg. Mortgage
$164
LMI Premium
$98,761
Renovation Costs
-
Total Cash/Equity Required
$625,901
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$93,600
$133,222
Property Management
+7.7% PA
$7,207
$10,258
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
$81,589
$116,696
Interest Repayments
$207,603
$207,603
Net Cashflow Before Tax
-$126,014
-$90,907
Depreciation
-
-
Tax Offset
-$37,804
-$27,272
Net Cashflow After Tax
-$88,210
-$63,635
Assumptions
Year 1
Year 10
Property Value
6.8%
$3,791,400
$6,853,949
Loan Balance
I.O
$3,145,500
$3,145,500
$645,900
$3,708,449
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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