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$1.35M
$232,813
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Try Picki for FREEConfidence
High
High
$1,500,000
Medium
$1,350,000
Low
$1,200,000
Confidence
Medium
Discover a prime opportunity in Sawtell with this desirable development property on Elizabeth Street. The property consists of a 607sqm lot, zoned for R3 Medium Density Residential. Currently, a 2-bedroom original cottage occupies the land, offering potential for renovation or redevelopment. Ideally located with both main road and rear laneway access, this offers convenience and growth potential. With boundaries approximated at 12.2m by 40.1m and annual rates of $4,675, this property invites ambitious buyers to explore its possibilities.
Trusted by over 13k property buyers and counting...
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45.6%
$708K
3.7%
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-$37,539
2.5%
Asking Price
$1,350,000
Estimated Purchase Price
$1,350,000
Stamp Duty
$57,305
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$135,000
Reg. Mortgage
$164
LMI Premium
$38,148
Renovation Costs
-
Total Cash/Equity Required
$232,813
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,257
$1,640
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
$26,563
$38,357
Interest Repayments
$80,190
$80,190
Net Cashflow Before Tax
-$53,627
-$41,833
Depreciation
-
-
Tax Offset
-$16,088
-$12,550
Net Cashflow After Tax
-$37,539
-$29,283
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,215,000
$1,215,000
$226,800
$1,391,431
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 50.0%
Average Income
Monthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
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Sold Price
Asking Price
