79 Circular Avenue
665 days on Market

79 Circular Avenue,
Sawtell, NSW

house
First listed on 01/04/2023
Property Overview
Bedrooms4
Bathrooms1
Car Spaces1
Current Asking Price

$1.1M

Cash Required (10% Deposit)

$184,920

Agent

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Market Appraisal

Confidence

High

High

$1,160,000

Medium

$1,100,000

Low

$1,040,000

Appraised Rent

Confidence

Medium

$800/week

Original Listing

Street Statistics

Public Housing (%)

0%

Owner Occupiers (%)

69%

Median Street Sold Price

$1.18M

Median Street Rental Yield

2.6%

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Property Investment Scores

Property

Configuration

Very Good

Street

Sweet Spot

Good

Suburb

Proj. Growth

Average

Overall

Investment

Good

Under Market Value

-

Net Cashflow PA

-$22,104

Gross Yield

3.8%

Purchase Costs

Asking Price

$1,100,000

Estimated Purchase Price

$1,100,000

Stamp Duty

$44,235

Transfer Fee

$165

Conveyancing

$1,480

Deposit (10%)

$110,000

Reg. Mortgage

$164

LMI Premium

$28,325

Renovation Costs

-

Total Cash/Equity Required

$184,920

Income Statement (Cashflow)

Income

Assumptions

Year 1

Year 10

Rent Received

+4.0% PA

$41,600

$59,210

Expenses

Property Management

+7.7% PA

$3,203

$4,559

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

$33,763

$48,604

Interest Repayments

$65,340

$65,340

Net Cashflow Before Tax

-$31,577

-$16,736

Depreciation

-

-

Tax Offset

-$9,473

-$5,021

Net Cashflow After Tax

-$22,104

-$11,715

Balance Sheet

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Assets

Assumptions

Year 1

Year 10

Property Value

6.8%

$1,174,800

$2,123,759

Liabilities

Loan Balance

I.O

$990,000

$990,000

Net Equity

$184,800

$1,133,759

Property Inspection Report

Property Overview

Discover the charming potential of this four-bedroom home in central Sawtell, offering original character and hardwood timber floorboards. Positioned within a short, level walk to Sawtell Village's vibrant cafes, shops, and pristine beaches, this property caters to owner occupiers, keen renovators, and investors with a long-term tenant already established. Embrace flexible living arrangements with its multiple living options, high ceilings, and private garden outlook. The property features a single carport and a spacious, fully fenced yard perfect for families and pets. Enjoy the level, low-maintenance yard and capitalize on the opportunity in this sought-after location, just minutes from Coffs Harbour Airport and CBD.

Inspection Checklist

  • Verify the condition of hardwood timber floorboards.
  • Inspect the high ceilings for any signs of damage or maintenance requirements.
  • Examine the gardens to confirm their privacy and maintenance needs.
  • Evaluate the layout for flexibility in living arrangements.
  • Check bathroom facilities for functionality (bath/shower, vanity, separate toilet).
  • Assess the internal laundry space.
  • Inspect the carport and verify the condition of the side gate and fencing.
  • Confirm the size and usability of the yard for family and pet-friendliness.
  • Get information on the tenancy agreement with the existing tenant.

Questions for Agent

  • Can you provide more details about the condition of the timber floorboards?
  • What renovations have been done recently, if any?
  • Can you tell me more about the long-term tenant's lease terms?
  • Is there any existing warranty for recent renovations or installations?
  • How are the noise levels considering proximity to the village and airport?
  • Are there any pending repairs that the buyer would need to undertake?
  • Can you clarify what flexibility the layout provides?
  • How often does the garden require maintenance?
  • Are there any restrictions or covenants on expanding or modifying the property?
  • What are the neighbors like and is the community supportive or active?
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Location Opportunity

City of Coffs Harbour statistics

Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.

78,759

2021 Population

31

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Average

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%

income growth
Very High

Average Income

COMMUTE TIME

201mins

106kms

Poor

Pr

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Spent Per Capita

$23K
1

Boral Limited

Boral is upgrading its Coffs Harbour sawmill to increase production capacity and improve efficiency

ManufacturingUnder construction
$25M
2

Coffs Harbour City Council

Coffs Harbour City Council is developing a new industrial park along the Pacific Highway to attract manufacturing businesses to the area

ManufacturingConfirmed
$30M
3

Private Investor

A private investor is considering building a food processing facility in Coffs Harbour to take advantage of the regions agricultural produce

ManufacturingUnder consideration
$20M
4

Coffs Harbour City Council

Upgrade of the Coffs Harbour Water Treatment Plant to improve water quality and increase capacity

Energy, Electricity, Gas & WaterUnder construction
$25M
5

Coffs Harbour City Council

Construction of a new sewerage system for the Moonee Beach area

Energy, Electricity, Gas & WaterConfirmed
$30M
6

Jemena

Proposed gas pipeline to supply natural gas to the Coffs Harbour area

Energy, Electricity, Gas & WaterUnder consideration
$50M
7

Whitehaven Coal

The Gunnedah Basin Coal Project is a proposed coal mine located in the Coffs Harbour Local Government Area The project is expected to produce 45 million tonnes of coal per annum

MiningConfirmed
$250M
8

Boral Limited

The Coffs Harbour Quarry Expansion project involves the expansion of an existing quarry to increase production capacity The project is expected to produce 15 million tonnes of aggregate per annum

MiningUnder Construction
$30M
9

Nambucca Shire Council

The Nambucca Heads Quarry project involves the development of a new quarry to supply aggregate to the local construction industry The project is currently in the feasibility study stage

MiningUnder consideration
$10M
10

NSW Government

The Coffs Harbour Hospital Redevelopment project involves the construction of a new hospital building as well as upgrades to existing facilities

Community & Other servicesUnder construction
$104M
11

NSW Government

The Coffs Harbour Education Campus project involves the construction of a new education campus including a primary school high school and TAFE facilities

Community & Other servicesConfirmed
$30M
12

Coffs Harbour City Council

The Coffs Harbour Cultural and Civic Space project involves the construction of a new cultural and civic precinct including a library museum and performance spaces

Community & Other servicesUnder construction
$76M
13

Healthscope

The Coffs Harbour Private Hospital Expansion will increase the hospitals capacity and provide additional services to meet the growing healthcare needs of the region

HealthConfirmed
$30M
14

NSW Government

The Mid North Coast Cancer Institute will provide comprehensive cancer services to the region including radiation oncology and medical oncology

HealthUnder consideration
$50M
15

Transport for NSW

The Coffs Harbour Bypass is a 14km bypass of the Coffs Harbour CBD aiming to reduce congestion and improve safety on the Pacific Highway

Transport & StorageUnder construction
$1200M
16

Coffs Harbour City Council

The Coffs Harbour Airport Expansion project involves the construction of a new terminal building apron expansion and other infrastructure upgrades to cater for growing passenger numbers

Transport & StorageConfirmed
$30M
17

Transport for NSW

The Pacific Highway Upgrade Coffs Harbour to Woolgoolga project involved the construction of a 25km section of dual carriageway improving safety and reducing travel times

Transport & StorageComplete
$830M
18

Coffs Harbour City Council

A 25 million project to revitalize the Coffs Harbour CBD including new public spaces upgraded infrastructure and mixeduse developments

Mixed useUnder construction
$25M
19

ISPT

A 30 million redevelopment of the Park Beach Plaza including new retail dining and entertainment options as well as residential apartments

Mixed useConfirmed
$30M
20

Coffs Harbour City Council

A proposed 40 million redevelopment of the Coffs Harbour Marina Precinct including new residential commercial and recreational spaces

Mixed useUnder consideration
$40M
21

Transport for NSW

The Pacific Highway Upgrade project involves the upgrade of the Pacific Highway to improve safety and reduce traffic congestion

Finance, Property & Business servicesUnder construction
$150M
22

Crown Resorts

A 120 million resort development featuring a 5star hotel apartments and amenities

AccommodationConfirmed
$120M
23

Pacific Bay Resorts

An 80 million resort development featuring a 4star hotel apartments and amenities

AccommodationUnder Construction
$80M
24

Coffs Harbour City Council

A proposed 50 million marina development featuring accommodation restaurants and amenities

AccommodationUnder consideration
$50M
25

The Observatory Coffs Harbour

A 30 million accommodation development featuring apartments and amenities

AccommodationConfirmed
$30M
26

Coffs Harbour City Council

The Coffs Harbour Marina Expansion project involves the construction of new marina facilities including berths and amenities

TradeUnder consideration
$50M
27

NBN Co

NBN Cos fibre network rollout in Coffs Harbour providing highspeed internet access to residents and businesses

CommunicationComplete
$30M
28

Telstra

Telstras mobile network upgrade in Coffs Harbour providing improved coverage and capacity for residents and businesses

CommunicationUnder Construction
$25M
29

Optus

Optus 5G network rollout in Coffs Harbour providing fast and reliable mobile coverage for residents and businesses

CommunicationConfirmed
$20M
30

Coffs Harbour Fishermen's Co-operative

Expansion of the Coffs Harbour Fishermens Cooperative to increase fish processing and export capabilities

Agriculture, Forestry & FishingUnder construction
$25M
31

Forestry Corporation of NSW

Establishment of a new plantation in the Orara East State Forest to increase timber production

Agriculture, Forestry & FishingConfirmed
$30M
32

Australian Aquaculture Pty Ltd

Development of a new aquaculture facility in Coffs Harbour to increase seafood production

Agriculture, Forestry & FishingUnder consideration
$40M

Li

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Local Services

Very Good

1

Coles

Supermarket

12km
2

Woolworths

Supermarket

15km
3

Bunnings

Shopping Centre

17km
4

Coffs Harbour Airport

Airport

18km
5

Grafton Airport

Airport

46km
6

Nana Glen Public School

School

5km
7

Coramba Public School

School

6km
8

Karangi Public School

School

9km
9

Southern Cross University - Coffs Harbour Education Campus

University

18km

Po

Population Growth

Average Population

SUPPLY vs POPULATION
Under Supply

Projected Population Growth

3.7%

projected

for 2025 to 2027

High

Su

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Recent New Home Construction

1.3%

High
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

RENTAL YIELD
Very Good

Average Rental Yield

VACANCY RATE
Excellent

Average Vacancy Rate

Days of Supply
Very Good

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Poor

Average Population

Pricing

Sold Price

Asking Price

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