Withheld
$274,046
Confidence
High
High
$1,700,000
Medium
$1,600,000
Low
$1,500,000
Confidence
Moderate
"Located proudly on the highside of the street this great home has several features that will excite anybody looking for a home in Nelson Bay. Walk down to the stunning Dutchmans Beach or wander into Nelson Bay for Dinner or your morning coffee. Take in the glistening blue water views across the bay and mountains beyond and pinch yourself that this one could be yours The horseshoe driveway is ideal if you have a van, boat or if you have visitors while the front garden creates privacy for the entry of the home. On the lower level there is a separate selfcontained studio with separate entry for guests, an income stream as a BB or dual income if you rent both. Fitted out with a kitchenette, bathroom, living and dining area and bedroom with water glimpses. Take the beautiful natural timber steps up and youll be welcomed by a bright and airy atmosphere with glistening water views that are inescapable. The open plan living and dining area has lots of glass facing the north and accesses directly out to the massive balcony that spans the width of the house. Fully covered with an ideal aspect youll enjoy this space yearround. Shaded in Summer and in full sun in winter. Just Perfect. Moving through the home and youll find a master bedroom with modern ensuite and walkin robe, two generous guest bedrooms, kitchen and laundry. The home flows out at the same level to the rear yard where youll find a bonus studio space at rear with its own deck. Theres some surrounding lowmaintenance gardens and a shed with lots of space to store paddle boards, fishing gear etc. The property has performed well through holiday letting and is being offered up for sale fully furnished as is. Step into this established holiday let and inherit any forward bookings or keep it all to yourself as a great place to live like you are on holidays. Contact our friendly sales team to book your private viewing or to find out more."
-
54.8%
-
-
-$175,000
-$46,659
2.6%
2.2%
-15.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,650,000
Estimated Purchase Price
$1,775,000
Stamp Duty
$80,680
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$177,500
Reg. Mortgage
$164
LMI Premium
$50,158
Renovation Costs
-
Total Cash/Equity Required
$310,697
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
$1,040
$1,357
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
$38,779
$55,719
Interest Repayments
$105,435
$105,435
Net Cashflow Before Tax
-$66,656
-$49,716
Depreciation
-
-
Tax Offset
-$19,997
-$14,915
Net Cashflow After Tax
-$46,659
-$34,801
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,708,800
$3,089,104
Loan Balance
I.O
$1,597,500
$1,597,500
$111,300
$1,491,604
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2021 Population
Suburbs
Public Administration and Safety - 15.0%
Manufacturing - 12.0%
Retail Trade - 10.0%
Accommodation and Food Services - 9.0%
Others - 54.0%
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