$2.8M
$434,397
Confidence
High
High
$2,900,000
Medium
$2,680,000
Low
$2,300,000
Confidence
Medium
"Opportunity to create waterfront access Four 4 bedroom home on 3,891sqm Fronting Salt Pan Creek to high water mark An outstanding opportunity in one of Padstow Heights most coveted neighbourhoods, 3,891sqm providing an ideal property for multiple opportunities STCA. Potential to capitalise in a highly soughtafter location Generous home catering to visionary buyers Two bathrooms, ceder timber cathedral style ceilings Double lock up garage Movein ready while offering the potential for upgrades Enormous parcel perfect for a fantastic lifestyle retreat Build sprawling family oasis in a soughtafter enclave STCA Potential for waterfront access All redevelopment is subject to council approval Inspect By appointment or as advertised online. For Sale 2,800,000 Please contact the exclusive agent Philip Madirazza for more information. Also available is the adjoining vacant lot of 632sqm at 9 Queensbury Road Guide 1.15m,12.573m frontage. Previously used as a car park. Denotes approx. and lot lines are a guide only and not to scale DISCLAIMER Whilst all care has been taken in compiling information regarding properties marketed for rent or sale, we accept no responsibility and disclaim all liabilities in regard to any errors or inaccuracies contained herein. Virtual furniture and editing may have been used and all parties should rely on their own investigation to validate information provided"
-
83.1%
$1.48M
2.7%
$90,000
-$70,510
2.4%
2.0%
-15.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$2,800,000
Estimated Purchase Price
$2,590,000
Stamp Duty
$125,505
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$259,000
Reg. Mortgage
$164
LMI Premium
$73,188
Renovation Costs
-
Total Cash/Equity Required
$460,053
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,101
$1,437
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
$53,117
$76,133
Interest Repayments
$153,846
$153,846
Net Cashflow Before Tax
-$100,729
-$77,713
Depreciation
-
-
Tax Offset
-$30,219
-$23,314
Net Cashflow After Tax
-$70,510
-$54,399
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,862,240
$5,174,249
Loan Balance
I.O
$2,331,000
$2,331,000
$531,240
$2,843,249
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2021 Population
Suburbs
Manufacturing - 13.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 10.0%
Construction - 9.0%
Others - 55.0%
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