Withheld
$29,186
Confidence
High
High
$1,940,000
Medium
$1,830,000
Low
$1,720,000
Confidence
Moderate
"The owners have enjoyed living in this tightly held, soughtafter beachside location, surrounded by good people, fine caring neighbours, and great friends. They say it has been the greatest adventure of their lives and hope it will be even more magnificent for the new buyers. With an uninterrupted outlook to the ocean, this solid home presents a unique opportunity for those with a vision. The spacious layout spills across two levels incorporating living, dining and sunroom anchored by a central kitchen, three bedrooms, two bathrooms and a downstairs family room that would make for a great teen retreat or workfromhome space. With its authentic charm and impressive landholding, this property is ripe for modernisation, allowing you to create the home of your dreams. Imagine transforming classic into contemporary in this coveted suburb known for its stunning beaches and strong community spirit. The area is wellserved by amenities and reputable schools making it an ideal spot for families looking to settle down and invest in their future. Sheltered front verandah facing an undeveloped council reserve, with views out to the Pacific Ocean horizon Enjoy humpback whales swimming past and sea eagles drift across the sky Cooling sea breeze wafts easily through the openplan lounge, dining and kitchen Enjoy golden sunsets from the sunroom and connected back deck Three robed bedrooms master with his and her walkin robe and ensuite Tidy main bathroom, linen press, downstairs laundry Versatile family room located downstairs opens to undercover patio Solar panels, reverse cycle aircon Inground swimming pool and grassy yard enveloped by lush gardens trees Established fruit trees and veggie patch Double garage includes storage space Additional double garage on the rear lane with a workshop Primed for renovation to turn into a modern masterpiece STCA Redhead Highlights Patrolled swimming and surfing beach connected to the stunning NineMile Coastline Parks, playgrounds, sporting fields, pump track, tennis courts and Fernleigh Track access Esteemed Redhead Public School and Redhead Community PreSchool Wellloved cafes and small, local businesses Professional services including post office, newsagent, doctors, chemist, gym and hairdressers Dining options such as Club Redhead and Seaview Malaysian Iconic Redhead Surf Living Saving Club Natural surroundings including Awabakal land, rock fishing spots and nearby Glenrock lagoon Easy access to arterial roads into Newcastle CBD or south toward Sydney 5.7km to Jewells Plaza shopping precinct, 8.1km to Charlestown Square Disclaimer We have obtained this property information from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations."
-
90.5%
$2.45M
1.7%
$25,000
-$54,864
2.0%
1.6%
-17.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,805,000
Stamp Duty
$82,330
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$180,500
Reg. Mortgage
$164
LMI Premium
$51,005
Renovation Costs
-
Total Cash/Equity Required
$316,195
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
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
$28,839
$41,611
Interest Repayments
$107,217
$107,217
Net Cashflow Before Tax
-$78,378
-$65,606
Depreciation
-
-
Tax Offset
-$23,513
-$19,682
Net Cashflow After Tax
-$54,864
-$45,924
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,954,440
$3,533,163
Loan Balance
I.O
$1,624,500
$1,624,500
$329,940
$1,908,663
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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