$650K
$116,620
Confidence
High
High
$670,000
Medium
$645,000
Low
$620,000
Confidence
Medium
"A spacious 3bedroom brick and tile home, complete with ceiling fans, mirrored robes and a converted garage offering a versatile 4th bedroom with access via the laundry. The master bedroom boasts reverse cycle air conditioning for yearround comfort. The home features plantation shutters and external electric shutters on the front windows, while the loungedining area also enjoys reverse cycle air conditioning. The galley kitchen, updated just 6 years ago, comes equipped with a dishwasher for added convenience. The allinone bathroom offers both a bath and shower, perfect for relaxing after a long day. The property is energyefficient with a 6.2kW solar panel system paired with a 5kW inverter, installed only 3 years ago. Outdoor enthusiasts will appreciate the doublelength, partially enclosed carport with a roller door, and the freestanding Colourbond double garage, complete with a mezzanine for extra storage 6m x 7m. The backyard offers a Queenslander room, an inground swimming pool, timber deck and bird aviary, with minimal lawn maintenance required. Recent updates include a repointed and resprayed roof, ensuring durability for years to come. Situated just 60 metres from Kittyhawk Park, 3.2 km from Raymond Terrace CBD, 18 km to Newcastle Airport, and 19 km to the M1 Motorway, this property offers convenience and lifestyle in a quiet yet central location. This information has been provided to us by third parties and we do not accept responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary."
-
70.9%
$631K
4.8%
-$40,000
-$16,455
3.4%
2.5%
-14.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$650,000
Estimated Purchase Price
$685,000
Stamp Duty
$25,560
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$68,500
Reg. Mortgage
$164
LMI Premium
$17,639
Renovation Costs
-
Total Cash/Equity Required
$114,059
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
$1,040
$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
$17,181
$24,978
Interest Repayments
$40,689
$40,689
Net Cashflow Before Tax
-$23,508
-$15,711
Depreciation
-
-
Tax Offset
-$7,052
-$4,713
Net Cashflow After Tax
-$16,455
-$10,998
Assumptions
Year 1
Year 10
Property Value
6.8%
$688,860
$1,245,295
Loan Balance
I.O
$616,500
$616,500
$72,360
$628,795
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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