$775K
$116,620
Confidence
High
High
$900,000
Medium
$850,000
Low
$800,000
Confidence
Medium
"Auction Location 216 Telford Street, Newcastle East Live via Buy.Realtair.com Tucked away on a quiet avenue in the leafy, peaceful family haven of Rankin Park, this fourbedroom home with studio promises delightful surprises at every turn. As you approach, the inviting terrazzotiled porch leads to a bright front door painted in a cheerful buttercup yellow aptly named Happy, welcoming you into a spacious, lightfilled layout just waiting for its new family to enjoy. Inside, youll find two generous living areas a formal lounge adorned with a ceiling fan and an airconditioned family room perfect for entertaining and cozy family movie marathons. The wellappointed modern kitchen shines with premium appliances, including a Bosch dishwasher and Westinghouse oven, and is complemented by ample bench space and storage, allowing you to unleash your culinary creativity. On this level, two cozy childrens bedrooms are softly carpeted and equipped with ceiling fans and airconditioning for yearround comfort. They share a family bathroom featuring both a shower and a fullsized bath for seamless bedtime routines. The thoughtfully designed laundry, complete with benchspace and stylish timber shelving, enhances the homes functionality. Venture upstairs to discover a master bedroom with expansive builtins and airconditioning, and a fourth bedroom which boasts dual aspect windows framing picturesque views of the surrounding bushland. This last bedroom could easily transform into a serene retreat or a cozy study for daydreaming and productivity. Alternatively, imagine unwinding with a nightcap in your own private sitting room, savouring childfree moments after a busy day. An exceptional feature of this home is the fully soundproofed studioteen retreat, offering a spacious open area and adjoining storage. With highquality soundproof insulation, its perfect for budding musicians, a dedicated workfromhome space, or an artistic sanctuary. An underhouse workshop, affectionately dubbed the Den, adds a mancave element, ideal for tinkerers and DIY enthusiasts. Outside, a lush, landscaped lawn and a carport with parking for two cars grace the expansive block. The large grassy area, complemented by adjoining brick paving, is perfect for adults to soak up the serenity while enjoying good conversation and a drink or two as kids and pets run about in the fully fenced yard. While perfect as is, this spacious zone invites you to further shape it to your vision, with ample room to add an outdoor kitchen, or even a pool STCA. This homes tranquil location is near Ironbark Creek and Blue Wren Creek reserves, as well as Elermore Vale playing fields. Families will appreciate zoning for Wallsend South Public and Lambton High, along with nearby preschools and daycares. Shopping is convenient at Elermore Vale Village, and for a wider variety, Westfield Kotara, Charlestown Square, and Stockland Glendale are just a short drive away. Hospital workers will enjoy proximity to the John Hunter Hospital, while commuters benefit from seamless access to both the bypass and the link road. If youre seeking expansive and comfortable family living in a peaceful, familyfriendly area, be sure to add this home to your inspection list. Features include Spacious and fullyfeatured twostorey family home tucked away in a serene street. A bonus fully soundproofed studioteen retreat with two rooms equipped with premium 13mm gyprock and fibreglass soundproof insulation. Two living areas include a formal lounge and an airconditioned openplan familydining area perfect for family life. Four bedrooms include a master with builtin robes, with airconditioners and ceiling fans in three for yearround comfort. Modern kitchen with ample benchspace and storage. Fitted with premium appliances including a Bosch dishwasher and Westinghouse oven. A family bathroom with a fullsized bath and shower, a separate powder room, a fitted laundry, and a linen cupboard. Fullyfenced wraparound yard, leading to a spacious grassy area for children and pets to play, along with a paved area for entertaining. Daynight blinds in the living area and most of the bedrooms. Carport, with offstreet parking for two vehicles. Underhouse workshop, and garden shed. Convenient access to shopping centres, bush reserves, playing fields, the John Hunter, and major arterial routes. This property is being sold under the Online Friendly Auction System. An independent pest building report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction. Flexible deposit and settlement conditions are also available by negotiation with the agent if required. Offers can also be made prior to auction and each offer will be assessed on its merits. Live streaming auction. Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website. Outgoings Council rates 1,567.56 approx per annum Disclaimer All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various thirdparty sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs."
-
86.3%
$733K
4.3%
-
-$18,552
3.7%
2.8%
-13.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$850,000
Stamp Duty
$32,985
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$85,000
Reg. Mortgage
$164
LMI Premium
$21,888
Renovation Costs
-
Total Cash/Equity Required
$142,233
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$23,988
$34,712
Interest Repayments
$50,490
$50,490
Net Cashflow Before Tax
-$26,502
-$15,778
Depreciation
-
-
Tax Offset
-$7,951
-$4,733
Net Cashflow After Tax
-$18,552
-$11,045
Assumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$765,000
$765,000
$142,800
$876,086
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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