Withheld
$137,110
Confidence
High
High
$850,000
Medium
$830,000
Low
$810,000
Confidence
High
"Delightfully positioned on a serene nearlevel plot of 594sqm, 274 Grandview Road in Rankin Park is a charming threebedroom cottage exuding potential. This neat and tidy abode provides an excellent opportunity for both firsttime buyers and investors, with ample scope to enhance value or to build a granny flat, subject to council approval, maximising return. The heart of the home features a serviceable kitchen that adjoins a comfortable living space. Each bedroom is wellappointed, with the main bedroom boasting builtin robes, complemented by new carpet and blinds throughout, ensuring a fresh and inviting ambience. The traditional layout includes a bathroom with a bathtub and a separate toilet located off the laundry, promoting functionality for family living. Outside, the convenience of vehicle access to the garage and backyard promises easy maintenance and storage solutions. This property is an ideal first home or a wise addition to any investment portfolio, offering both comfort and convenience in a prime location. 180m to Wallsend South Public School 2 minutes to Elermore Vale Shopping Centre 6 minutes to John Hunter Hospital 20 minutes to Merewether Beach Set to benefit from the Rankin Park to Jesmond Bypass due for completion in 2025, making it quicker to to get to Jesmond and use surrounding roads Avery Property Professionals are proud to present this beautiful home to the market. Please contact Craig Avery or Charlotte Nelmes today to secure your inspection. Disclaimer We have obtained this property information from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations."
-
86.3%
$733K
4.3%
$10,000
-$19,656
3.4%
2.5%
-14.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$820,000
Stamp Duty
$31,635
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$82,000
Reg. Mortgage
$164
LMI Premium
$21,115
Renovation Costs
-
Total Cash/Equity Required
$137,110
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,560
$39,226
Property Management
+7.7% PA
$2,122
$3,020
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
$20,628
$29,930
Interest Repayments
$48,708
$48,708
Net Cashflow Before Tax
-$28,080
-$18,778
Depreciation
-
-
Tax Offset
-$8,424
-$5,633
Net Cashflow After Tax
-$19,656
-$13,145
Assumptions
Year 1
Year 10
Property Value
6.8%
$886,440
$1,602,473
Loan Balance
I.O
$738,000
$738,000
$148,440
$864,473
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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
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