$1.65M
$318,028
Confidence
High
High
$1,800,000
Medium
$1,500,000
Low
$1,320,000
Confidence
Medium
"Simply breathtaking from the moment you set eyes upon this incredible waterfront property, you will be treated to some of the best unobstructed views Lake Macquarie has to offer. Mere steps away from the waters edge sits this stunning 2bedroom, 1bathroom home all designed to create the ultimate in luxury living. Not often do waterfront properties like this hit the market and its no surprise when you feel like you are on vacation yearround. With an easy open plan layout, this property has all the inclusions any potential purchaser could want with plenty of room to create your own mark. The modern kitchen features exceptional amounts of storage as well as cafe style bifold windows which allow fresh air to flow through the home whilst entertaining or enjoying some alone time. The large bathroom located at the front of the property services the two large bedrooms each with builtin wardrobes and enough space to accommodate additional furniture. Located underneath the property is a private den suitable for an office space that looks out to the lake as well as storage for Kayaks for any water enthusiast and laundry space. Without a doubt, one of the best features this property has to offer is the serene peacefulness and views that are rarely obtainable elsewhere. Entertain or relax lakeside or retreat to the privacy of your new home the choice is yours."
-
75.6%
$1.8M
1.9%
-$435,000
-$53,550
2.4%
2.0%
-15.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,800,000
Estimated Purchase Price
$1,935,000
Stamp Duty
$89,480
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$193,500
Reg. Mortgage
$164
LMI Premium
$54,679
Renovation Costs
-
Total Cash/Equity Required
$340,019
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$46,800
$66,611
Property Management
+7.7% PA
$3,604
$5,129
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
$38,438
$55,274
Interest Repayments
$114,939
$114,939
Net Cashflow Before Tax
-$76,501
-$59,665
Depreciation
-
-
Tax Offset
-$22,950
-$17,900
Net Cashflow After Tax
-$53,550
-$41,766
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,602,000
$2,896,035
Loan Balance
I.O
$1,741,500
$1,741,500
-$139,500
$1,154,535
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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