$630K
$115,766
Confidence
Moderate
High
$610,000
Medium
$580,000
Low
$550,000
Confidence
Moderate
"Nestled in a peaceful culdesac, this spacious threebedroom home is perfect for growing families, first home buyers, investors and downsizers. Situated in a central position within walking distance to Irrawang High School, bus stops and the Muree Golf Club, as well as being just a short drive to the CBD and the Lakeside Shopping Centre. Key features include Spacious front lounge room has a box airconditioner and a combustion fireplace. Open kitchen and dining room features an electric stove, oven, and rangehood. Large back living area boasts a ceiling fan, new carpet, and a sliding door access to an enclosed outdoor area with reverse cycle air conditioning. Bedrooms one and two feature builtin mirrored robes, ceiling fans, and new carpet. Bedroom three has a builtin mirrored robe and new carpet. Threeway bathroom features a shower and bath, with a separate vanity and toilet. Slate tiles at the front entry. Good sized laundry. Ducted air conditioning throughout living areas and bedrooms. Floating floors in the front lounge, hallway, and kitchen. Single garage with extra workshop space and automatic roller door. Undercover outdoor area. Two garden sheds. Spear point water with pop up sprinklers. Dont miss out on this incredible opportunity. Approximate travel times Newcastle 30 minutes. Newcastle Airport 20 minutes. Nelson Bay 40 minutes. Sydney 2 hours. Block size 535m2. Council rates 1,599.27 per annum. Rental appraisal 570 590 per week. Disclaimer We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations."
-
79.2%
$615K
4.4%
-$95,000
-$17,048
3.2%
2.3%
-15.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$630,000
Estimated Purchase Price
$675,000
Stamp Duty
$25,110
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$67,500
Reg. Mortgage
$164
LMI Premium
$17,381
Renovation Costs
-
Total Cash/Equity Required
$112,351
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,741
$22,928
Interest Repayments
$40,095
$40,095
Net Cashflow Before Tax
-$24,354
-$17,167
Depreciation
-
-
Tax Offset
-$7,306
-$5,150
Net Cashflow After Tax
-$17,048
-$12,017
Assumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$607,500
$607,500
$11,940
$512,300
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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