$1.45M
$263,050
Confidence
High
High
$1,550,000
Medium
$1,450,000
Low
$1,350,000
Confidence
Moderate
"A complete transformation has created a contemporary family home perfectly suited to its prized beachside location. Within walking distance to Sharpes or Boulder Beach, this three bedroom singlelevel residence will overdeliver as a modern family sanctuary with its choice of indooroutdoor living spaces, large backyard and stylishly renovated interiors. Stroll to local schools or enjoy a short scenic drive to Lennox Head, Ballina and Byron Bay. Large 802m2 level block in the ultra familyfriendly Headlands Estate Stroll to local schools, daycare, beaches, parks and coastal walking paths Fully renovated in a fresh, contemporary style with multiple living areas Superb new kitchen with marblelook stone benches and great storage Entertain easily on a choice of covered alfresco zones with travertine tiles Three bedrooms, including the main suite with beautifully designed ensuite Ultra modern main bathroom, new flooring, windows and doors throughout Gated side access to boat parking, double garage and double carport Level lawns for the kids and pets to enjoy, solar system plus new flyovers 6 mins to Epiq Marketplace, 8 mins to central Ballina, 20 mins to Byron Bay"
-
77.8%
$510K
9.9%
$20,000
-$37,372
2.7%
2.2%
-15.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,430,000
Stamp Duty
$61,705
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$143,000
Reg. Mortgage
$164
LMI Premium
$40,409
Renovation Costs
-
Total Cash/Equity Required
$247,474
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,067
$1,392
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
$31,553
$45,437
Interest Repayments
$84,942
$84,942
Net Cashflow Before Tax
-$53,389
-$39,505
Depreciation
-
-
Tax Offset
-$16,017
-$11,852
Net Cashflow After Tax
-$37,372
-$27,654
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,548,600
$2,799,500
Loan Balance
I.O
$1,287,000
$1,287,000
$261,600
$1,512,500
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 13.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 51.0%
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