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$860K
$143,940
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,070,000
Medium
$1,000,000
Low
$930,000
Confidence
Medium
This property in Toormina offers a rare redevelopment opportunity within walking distance to Toormina Shopping Centre and Boambee Bay Reserve. Just 3 minutes by car to Sawtell Village and beaches, it combines convenience with investment potential. Zoned R3, it permits one dwelling per 200 m2. A current DA approval permits the development of four 3-bedroom, 2-bathroom townhouses, each with a garage, built over a 100 m2 area. The existing brick home, with three bedrooms and an ample outdoor space, offers significant rental returns amid high demand. The entire site spans 1005 m2, with council rates of $3,220 annually.
Trusted by over 13k property buyers and counting...
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33.6%
$490K
4.5%
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Try Picki for FREE-$100,000
-$27,144
3.1%
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
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
$65,340
$65,340
Net Cashflow Before Tax
-$38,777
-$26,983
Depreciation
-
-
Tax Offset
-$11,633
-$8,095
Net Cashflow After Tax
-$27,144
-$18,888
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Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$990,000
$990,000
$78,000
$940,690
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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...
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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
