$850K
$124,304
Confidence
High
High
$925,000
Medium
$875,000
Low
$825,000
Confidence
Moderate
"This modern home is the perfect place to instantly unwind. Located in a quiet culdesac, its just a few minutes walk from the beach, with easy access to all the local surf spots, and Lake Conjola. A spacious combined lounge dining kitchen area opens through bifold doors onto a large northfacing deck thats fully covered so you can enjoy relaxed alfresco living. The wellappointed kitchen includes a gas cooktop and underbench oven with space for a microwave. The home features polished bamboo floors, three generoussized bedrooms, one bathroom, and an additional toilet in the laundry. Reverse cycle airconditioning and a gas connection for additional heating means youll be comfortable all year round. A quality solar array has also been installed to reduce your energy costs. The landscaped fully fenced backyard features established native plants providing a sense of privacy. Theres also a hot water outdoor shower to rinse off the salt and sand after a long day at the beach. This 556 sqm gently sloping block is only a short walk to tennis courts, a basketball court, the soccer field and skate ramp. Neighbouring Bendalong and Cunjurong both have a general store and cafs, while historic Milton and Mollymook are only 25 minute drive away with great cafs, restaurants and boutique shopping. Theres also a host of great bushwalks in the surrounding national parks. To arrange a private inspection call our office on 4456 1500."
-
78.2%
$1.38M
2%
$65,000
-$20,758
3.1%
2.3%
-15.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$875,000
Estimated Purchase Price
$810,000
Stamp Duty
$31,185
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$81,000
Reg. Mortgage
$164
LMI Premium
$20,858
Renovation Costs
-
Total Cash/Equity Required
$135,403
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$1,202
$1,568
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
$18,459
$26,816
Interest Repayments
$48,114
$48,114
Net Cashflow Before Tax
-$29,655
-$21,298
Depreciation
-
-
Tax Offset
-$8,896
-$6,389
Net Cashflow After Tax
-$20,758
-$14,909
Assumptions
Year 1
Year 10
Property Value
6.8%
$934,500
$1,689,354
Loan Balance
I.O
$729,000
$729,000
$205,500
$960,354
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 13.0%
Accommodation and Food Services - 10.0%
Public Administration and Safety - 10.0%
Others - 51.0%
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