$440K
$72,153
Confidence
High
High
$860,000
Medium
$820,000
Low
$780,000
Confidence
High
"Beautifully presented, this over 55s villa enjoys peace and quiet and open plan, one level living. Nestled in the middle of popular Valley View Apartments , with a short ramp to the front door, this modern residence offers airconditioning, built in wardrobes, plantation shutters and relaxing front and rear porches. Boasting eye catching gardens and a leafy outlook, this property is sure to impress. Please Note the unit does not include parking, however, the visitor car spaces could not be closer. Public transport is a short stroll to the entry of the complex. Zoning R2 Low Density Residential Council Lake Macquarie Land Rates 1422pa approx Water Rates 805pa approx Strata Levies 3461pa approx Disclaimer We have obtained all information from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. Photos maybe digitally edited and include virtual furniture."
2.5%
72.5%
-
-
$370,000
-$4,571
6.0%
4.5%
-6.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$440,000
Estimated Purchase Price
$450,000
Stamp Duty
$14,985
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$45,000
Reg. Mortgage
$164
LMI Premium
$8,984
Renovation Costs
-
Total Cash/Equity Required
$71,328
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
$1,381
$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
$20,200
$29,315
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$6,530
$2,585
Depreciation
-
-
Tax Offset
-$1,959
$775
Net Cashflow After Tax
-$4,571
$1,809
Assumptions
Year 1
Year 10
Property Value
6.8%
$875,760
$1,583,166
Loan Balance
I.O
$405,000
$405,000
$470,760
$1,178,166
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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