$1.8M
$331,772
Confidence
High
High
$1,930,000
Medium
$1,840,000
Low
$1,750,000
Confidence
High
"Auction Location In room, Colliers Newcastle 18 Honeysuckle Dr, Newcastle Discover the ultimate coastal lifestyle with this unique property in the highly soughtafter beachside suburb of Redhead. Just moments from the golden sands and stunning waters of Redhead Beach, this remarkable offering presents a rare chance to own a versatile shopfront attached to a charming house both with vacant possession. Embrace the potential of establishing an iconic local business and creating the perfect seaside retreat. The home itself showcases three bedrooms, tidy main bathroom, a modern kitchen that is open to the dining and a living room plus sunroom. The shop front is a blank canvas of possibility, with a main dining space and kitchen situated in the main thoroughfare to the beach, ideal for capturing the vibrant Summer atmosphere. Seize this unparalleled opportunity to live and work in a desirable coastal locale Prime beachside location in Redhead Steps from Webb Park, playground, pump track and the stunning Redhead Beach Iconic shopfront perfect for a new business or studio Three spacious bedrooms serviced by a tiled bathroom Sunroom offering a bright, versatile space Modern kitchen equipped with contemporary appliances and ample storage Beautifully restored original timber floorboards Splitsystem aircon, ceiling fans and the coastal breeze Internal laundry, two additional toilets Flat backyard ideal for outdoor activities and entertaining Double garage and workshop on the rear lane Proximity to local cafes, restaurants, and shops Easy access to public transport and major roads Familyfriendly community with excellent schools nearby 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."
-
84.4%
$1.63M
1.8%
$30,000
-$48,353
2.6%
2.1%
-15.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,810,000
Stamp Duty
$82,605
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$181,000
Reg. Mortgage
$164
LMI Premium
$51,147
Renovation Costs
-
Total Cash/Equity Required
$317,112
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$46,800
$66,611
Property Management
+7.7% PA
$3,604
$5,129
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
$38,438
$55,274
Interest Repayments
$107,514
$107,514
Net Cashflow Before Tax
-$69,076
-$52,240
Depreciation
-
-
Tax Offset
-$20,723
-$15,672
Net Cashflow After Tax
-$48,353
-$36,568
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,965,120
$3,552,469
Loan Balance
I.O
$1,629,000
$1,629,000
$336,120
$1,923,469
Below are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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