$800K
$128,573
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$680,000
Medium
$615,000
Low
$550,000
Confidence
Medium
Embrace a golden opportunity with this charming 3-bedroom home in Sandy Beach. Perfectly positioned just a short walk from the water, this property boasts proximity to large open spaces and a playground, with the magnificent beach as your backdrop. The manageable block size ensures easy maintenance. Conveniently located, Sandy Beach Public School is nearby, making it an excellent option for first-time home buyers or investors. Currently rented at approximately $600 per week, this property promises a solid return on investment.
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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
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
Below are some similar properties in the area you may be interested in.
0%
76.1%
$760K
4.4%
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Try Picki for FREE$10,000
-$4,042
6.2%
Asking Price
-
Estimated Purchase Price
$605,000
Stamp Duty
$21,960
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$60,500
Reg. Mortgage
$164
LMI Premium
$15,579
Renovation Costs
-
Total Cash/Equity Required
$100,399
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$37,700
$53,659
Property Management
+7.7% PA
$2,903
$4,132
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
$30,163
$43,481
Interest Repayments
$35,937
$35,937
Net Cashflow Before Tax
-$5,774
$7,544
Depreciation
-
-
Tax Offset
-$1,732
$2,263
Net Cashflow After Tax
-$4,042
$5,281
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$656,820
$1,187,374
Loan Balance
I.O
$544,500
$544,500
$112,320
$642,874