$980K
$181,505
Confidence
High
High
$905,000
Medium
$845,000
Low
$705,000
Confidence
Medium
"Introducing 17 Coral Park Road, an exquisite sanctuary harmonizing contemporary elegance with rural serenity to feel at home. This 3bedroom, 2bathroom residence is nestled on a sprawling 1.5acre allotment, inviting you to embrace the spaciousness and tranquillity of country living. Conveniently situated in Wolumla moments from the village, this property offers a central location, just a scenic 10minute drive from the pristine beaches of Merimbula and 15 minutes to the employment hub of Bega. Upon entry, youll be greeted by the charm of wellestablished trees and stunning gardens placed around the home providing privacy and a garden that has many sitting areas to enjoy the residence. There is also a picturesque backdrop of rolling hills and views of the neighbouring lake. Step inside, and youll discover a home designed to embrace natural light and warmth. The north aspect floods the interiors with gentle sunshine throughout the day, creating an inviting and uplifting atmosphere. The functional floor plan seamlessly blends indoor and outdoor living spaces, offering the perfect setting for entertaining guests or simply unwinding in style. Outdoors, indulge in the ultimate entertainers paradise. An undercover alfresco area, complete with an outdoor kitchen and pizza oven, overlooks a fully decked saltwater pool and solar heated for yearround enjoyment for kids. Whether hosting family gatherings or intimate soires, this outdoor oasis is sure to impress. 10 Kw solar power, ensuring energy efficiency and cost savings. Stay connected with NBN internet, and enjoy comfort yearround with gas heating and reverse cycle air conditioning. For the convenience of town amenities, theres town water on tap. For those with furry friends, rest assured knowing the property is fully fenced, with an additional house fence specifically designed for dogs. A chook enclosure adds to the rural charm, providing fresh eggs for breakfast each morning. Parking is a breeze with a double garage and a twocar carport, offering ample space for vehicles and storage. Plus, a 9 x 6m shed presents endless possibilities for additional storage, hobbies, or a home workshop, catering to the needs of hobbyists and DIY enthusiasts alike. A stunning homely property Boasting space for the entire family to enjoy. Wolumla has great soccer oval grounds, a classic pub and a convenient general store A great family residence Contact Hayden today to experience 17 Coral Park Rd, Wolumla"
-
88.9%
$692K
3.7%
-$285,000
-$32,639
2.4%
1.8%
-16.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,050,000
Estimated Purchase Price
$1,130,000
Stamp Duty
$45,585
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$113,000
Reg. Mortgage
$164
LMI Premium
$31,931
Renovation Costs
-
Total Cash/Equity Required
$192,876
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,086
$1,417
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
$20,495
$29,700
Interest Repayments
$67,122
$67,122
Net Cashflow Before Tax
-$46,627
-$37,422
Depreciation
-
-
Tax Offset
-$13,988
-$11,227
Net Cashflow After Tax
-$32,639
-$26,196
Assumptions
Year 1
Year 10
Property Value
6.8%
$902,460
$1,631,433
Loan Balance
I.O
$1,017,000
$1,017,000
-$114,540
$614,433
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Retail Trade - 13.0%
Accommodation and Food Services - 11.0%
Manufacturing - 9.0%
Others - 52.0%
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