$1.6M
$252,055
Confidence
High
High
$960,000
Medium
$880,000
Low
$800,000
Confidence
Medium
"This splitlevel home offers delightful views of Lake Macquarie from the internal living area, kitchen, two bedrooms, bathroom, and both outside living areas. An upper deck provides a private retreat while the lower deck offers direct access for easy entertaining from the main living area and kitchen. Also, on offer is a resortstyle pool with a surrounding deck set amongst ferns and palms showcasing more views of Lake Macquarie along with direct access to the shoreline where there is a sheltered inlet for your boat. Additional features include builtin robes and ceiling fans to all 3 bedrooms, 2 bathrooms, ample cabinetry to the contemporary white kitchen, a large comfortable familyliving area, split system airconditioning, a Coonarastyle fireplace, and a solar hot water service and generating panels. Complete with a carport and 4 onstreet parking spaces, the property also includes a great workshop and an extra shed space for the handyman in the family. Just 1.6kms to the quiet little village of Wangi, youll find a library, PO, IGA, hotel, RSL, pizza, takeaways, cafes, restaurants, bakery, service station, small hardware store and more. Set on a large 697sqm landscaped block and offering a nice and relaxed feel, this is an opportunity you dont want to miss. Perfect for families looking to upsize their lifestyle or seeking a holiday sack, your own piece of paradise awaits you. Contact Allison on 0491098038 to organise your inspection. Features 3 Bedrooms w Builtin Robes 2 Bathrooms WorkshopPool Toilet Large Family Living Area Open Plan LivingDining w Views Solar HWS Generating Panels Resortstyle Swimming Pool Decking Great Workshop Area Extra Shed Space Carport 4 Onstreet Parking Spaces Direct Access to Lake Macquarie Shoreline"
-
89.4%
$948K
2.7%
-$485,000
-$43,289
1.9%
1.4%
-18.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,500,000
Estimated Purchase Price
$1,365,000
Stamp Duty
$58,130
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$136,500
Reg. Mortgage
$164
LMI Premium
$38,572
Renovation Costs
-
Total Cash/Equity Required
$235,562
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
Rates
+3.0% PA
$1,381
$1,802
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
$19,240
$27,949
Interest Repayments
$81,081
$81,081
Net Cashflow Before Tax
-$61,841
-$53,132
Depreciation
-
-
Tax Offset
-$18,552
-$15,940
Net Cashflow After Tax
-$43,289
-$37,193
Assumptions
Year 1
Year 10
Property Value
6.8%
$939,840
$1,699,007
Loan Balance
I.O
$1,228,500
$1,228,500
-$288,660
$470,507
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 50.0%
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