Withheld
$87,000
Confidence
High
High
$820,000
Medium
$740,000
Low
$660,000
Confidence
Medium
"Welcome to 41 George Street, Marmong Point, your new home by the lake Prepare to be captivated by the spectacular lake views that can be enjoyed from various vantage points, including a private front deck, perfect for taking in the picturesque surroundings. Entertaining family and friends will be a joy with the front entertaining deck providing a seamless indooroutdoor flow. This stunning 3bedroom residence offers a master bedroom with its own ensuite, ensuring privacy and convenience for the lucky owners. With solar electricity, you can embrace sustainable living while enjoying the modern comforts of this beautiful home. As you make your way up the long driveway, youll appreciate the ample parking space and the convenience of a carport featuring a lockable, automated garage door, ensuring the security of your vehicles. The large block offers endless possibilities. Perhaps you build a granny flat at the rear and maximise the return on your investment or create a space for older children or aging parents. It also comes complete with a garden shed for your storage needs and a fully fenced yard for added privacy and safety. Enjoy a short stroll to the lakeside, where you can relax, take in the tranquility, and indulge in water activities. Local shops are conveniently located nearby, catering to your everyday needs, and youll find esteemed educational institutions such as Lake Macquarie High School and Booragul Public School within easy reach. Located in a peaceful neighbourhood, youll relish the serene atmosphere while being just 5 minutes to Speers Point Park, 7 minutes away from Toronto, a vibrant lakeside suburb and 10 minutes to Warners Bay, providing access to a range of shopping and dining options. Additionally, Newcastle CBD is only a 25minute drive, offering a bustling cityscape and an array of amenities. Embrace the essence of lakeside living and soak in the panoramic views across the lake from Speers Point, Warners Bay, all the way to Valentine. This is your chance to own a slice of paradise in Marmong Point. Dont miss outarrange a viewing today and make this dream home yours Note This home is currently leased for 635 per week by JCS Real Estate. Features Lake views Security cameras Security screen doors and digital locks Ensuite Large secure yard Front and rear decks Solar panels Dishwasher Reverse cycle air conditioning Large brandnew carport with remote roller door Garden shed Warners Bay esplanade 10mins, Speers Point Park 5mins Currently tenanted at 635 per week Contact Josh on 0427 918 533 or Courtney on 0402 337 577 for further information or arrange an inspection today Disclaimer We have obtained all information in this document from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
-
79.1%
$1.05M
3.1%
-$85,000
-$19,156
3.5%
2.6%
-13.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$825,000
Estimated Purchase Price
$825,000
Stamp Duty
$31,860
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$82,500
Reg. Mortgage
$164
LMI Premium
$21,244
Renovation Costs
-
Total Cash/Equity Required
$137,964
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,640
$31,364
Interest Repayments
$49,005
$49,005
Net Cashflow Before Tax
-$27,365
-$17,641
Depreciation
-
-
Tax Offset
-$8,210
-$5,292
Net Cashflow After Tax
-$19,156
-$12,349
Assumptions
Year 1
Year 10
Property Value
6.8%
$790,320
$1,428,711
Loan Balance
I.O
$742,500
$742,500
$47,820
$686,211
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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