Withheld
$301,535
Confidence
Medium
High
$2,100,000
Medium
$1,750,000
Low
$1,475,000
Confidence
High
"PREVIEW CLOSING 19.10.2024 AT 5PM ALL OFFERS TO BE SUBMITTED ON OR BEFORE THIS DATE. Tightly held in the same family since its conception in the 1960s, heres your opportunity to own this oneofakind residence thats being offered to the open market for the first time. All on one title and comprising of two recently updated, twobedroom, onebathroom, dual living, and single garage units. Your options include living in one and renting the other or renting both for a combined potential weekly rent of 920 960pw. Life will be a breeze with a flat walk to local schools, sports club, cafs, golf club and the shores of Lake Macquarie. Unit 1 Brand new flooring throughout kitchen, bedrooms and living. Two bedrooms both with built in wardrobes. Modern bathroom with separate wc. Modern kitchen with electric cooking and ample bench and cupboard space. Carpeted lounge and dining room with split system air conditioner. Second living space. Large laundry. Single garage. Fully fenced rear yard. Unit 2 Near new flooring throughout kitchen, bedrooms and living. Two bedrooms both with built in wardrobes. Modern bathroom with separate wc. Modern kitchen with electric cooking and ample bench and cupboard space. Carpeted lounge and dining room with split system air conditioner. Second living space. Large laundry. Single garage. Fully fenced rear yard. Currently lease for 450pw. The information contained herein has been provided by people we believe to be reliable, however all interested parties must rely on their own enquiries."
13.4%
58.5%
-
-
$1,730,000
+
208.0%
168.2%
460.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$19,100
Estimated Purchase Price
$20,000
Stamp Duty
$260
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$2,000
Reg. Mortgage
$164
LMI Premium
$309
Renovation Costs
-
Total Cash/Equity Required
$4,928
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
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
$33,639
$48,443
Interest Repayments
$1,188
$1,188
Net Cashflow Before Tax
$32,451
$47,255
Depreciation
-
-
Tax Offset
$9,735
$14,176
Net Cashflow After Tax
$22,716
$33,078
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,869,000
$3,378,707
Loan Balance
I.O
$18,000
$18,000
$1,851,000
$3,360,707
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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