$895K
$131,134
Confidence
High
High
$895,000
Medium
$875,000
Low
$855,000
Confidence
Moderate
"This wellpresented property has come to the market for the first time in a decade, with extensive renovation. With a 750 meters walk to the pristine waters of Manyana with views to Green Island, 950 meters to Inyadda Beaches, and 2.9km to Bendalong, 1.8km to Berringer Lake boat ramp, and 2km to Cunjurong Point and local cafes and natural bushland. This is a sizeable and easyliving twostorey home located on a 556m2 parcel of land, featuring four generous bedrooms, multiple living spaces, a large, covered balcony wrapping the eastern and southern side of the home and two bathrooms. The key features of the home are open plan modern kitchen, living and dining room timber flooring throughout the entry, kitchen and dining, carpet in lounge, all bedrooms and downstairs living area large master bedroom and full bathroom upstairs and additional master size bedroom and full bathroom downstairs extra two bedrooms downstairs large second living arearumpus downstairs airconditioningheating, wood fire and ceiling fans for yearround comfort and water tanks for the garden. In addition to the spacious single lockup garage, which features a custom insulated wine cellar, theres also a generous external undercover storage area beside the house. This space is perfect for storing a boat or caravan. Additionally, the sizable lockup storage shedworkshop located in the backyard, complete with its own concrete slab and independent power, offers versatile options. Home packages of this quality, at this price, dont hit the market very often, so come and view this great property and see it for yourself."
-
78.2%
$1.38M
2%
-$5,000
-$24,677
2.7%
1.9%
-16.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$949,000
Estimated Purchase Price
$880,000
Stamp Duty
$34,335
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$88,000
Reg. Mortgage
$164
LMI Premium
$22,660
Renovation Costs
-
Total Cash/Equity Required
$147,355
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$17,019
$24,766
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$35,253
-$27,506
Depreciation
-
-
Tax Offset
-$10,576
-$8,252
Net Cashflow After Tax
-$24,677
-$19,254
Assumptions
Year 1
Year 10
Property Value
6.8%
$934,500
$1,689,354
Loan Balance
I.O
$792,000
$792,000
$142,500
$897,354
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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