$1.99M
$368,424
Confidence
High
High
$1,850,000
Medium
$1,800,000
Low
$1,750,000
Confidence
Medium
"Set high on the prestigious Redhead Bluff, this charming 3bedroom cottage presents a rare opportunity to secure a prime piece of coastal real estate. Whether youre seeking a moveinready home or envisioning the potential to renovate or extend, this property is a canvas waiting for your personal touch. With panoramic ocean views just waiting to be unlocked, this is the perfect place to create your dream coastal retreat. Key Features Carport and Garage offering ample parking and storage space, with options for secure parking and room for your hobbies or additional storage. Elevated Back Deck with sweeping views that stretch out to the mountains. Its the perfect spot to enjoy your morning coffee, entertain guests, or simply relax and take in the natural beauty that surrounds you. The large backyard provides plenty of space for children and pets to play, or even for you to create your own garden oasis. Back Lane Access A unique feature that provides convenient access to the property, offering privacy and flexibility for future development or extensions. 3 Neat and Tidy Bedrooms Just minutes from Shelly Beach best known for Rock Fishing and perfect for swimming, surfing, or simply soaking up the sun. Close to local cafes, shops, and schools, offering convenience at your doorstep. Easy access to public transport and major roads, connecting you to Newcastle and beyond. Nearby Bushland known as Awabakal Nature Reserve is filled with walking trails that present native flowers, spectacular views and history, perfect for those who enjoy a quiet walk, whale watching or hiking. This property offers more than just a home, its a lifestyle. Imagine waking up each morning to the sound of the ocean, enjoying sunset walks along the beach, and living in a community that values the relaxed coastal lifestyle. This property offers something special for everyone. Dont miss out on securing your slice of heaven contact Alex Cockburn at McFarlane Real Estate on 02 4954 0399 today to arrange a viewing and begin your journey towards a life of coastal bliss"
-
90.5%
$2.45M
1.7%
-$265,000
-$58,956
2.3%
1.9%
-16.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,990,000
Estimated Purchase Price
$2,065,000
Stamp Duty
$96,630
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$206,500
Reg. Mortgage
$164
LMI Premium
$58,352
Renovation Costs
-
Total Cash/Equity Required
$363,842
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
$122,661
$122,661
Net Cashflow Before Tax
-$84,223
-$67,387
Depreciation
-
-
Tax Offset
-$25,267
-$20,216
Net Cashflow After Tax
-$58,956
-$47,171
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,922,400
$3,475,242
Loan Balance
I.O
$1,858,500
$1,858,500
$63,900
$1,616,742
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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