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Withheld
$2,030
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Try Picki for FREEConfidence
High
High
$1,350,000
Medium
$1,250,000
Low
$1,150,000
Confidence
Medium
This beachfront property is brimming with potential and offers the ultimate coastal lifestyle. Positioned on a spacious 505.9 sqm block with convenient rear lane access, this three-bedroom home features original timber floors and ornate cornices that add charm and character. It's a current hit on Airbnb, providing a steady income stream. Located near Newcastle's lively amenities, this property promises vibrant, outdoor living and panoramic ocean views with possibilities for renovation, modern family haven, or a contemporary duplex, subject to council approval.
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Education and Training - 9.0%
Accommodation and Food Services - 8.0%
Retail Trade - 8.0%
Others - 56.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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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.
17.8%
53.8%
$1.28M
97.4%
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Try Picki for FREE-$845,000
-$65,279
1.9%
Asking Price
$1,950,000
Estimated Purchase Price
$2,095,000
Stamp Duty
$98,280
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$209,500
Reg. Mortgage
$164
LMI Premium
$59,200
Renovation Costs
-
Total Cash/Equity Required
$369,340
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
$1,433
$1,870
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
$31,187
$44,959
Interest Repayments
$124,443
$124,443
Net Cashflow Before Tax
-$93,256
-$79,484
Depreciation
-
-
Tax Offset
-$27,977
-$23,845
Net Cashflow After Tax
-$65,279
-$55,639
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,335,000
$2,413,362
Loan Balance
I.O
$1,885,500
$1,885,500
-$550,500
$527,862
