$1.4M
$274,046
Confidence
High
High
$850,000
Medium
$825,000
Low
$800,000
Confidence
Moderate
"Prepare to be impressed as you step into this meticulously maintained four or fivebedroom residence, a testament to masterful design and timeless elegance. Offered to the market for the first time in 37 years by the original ownersbuilders, this home is the epitome of grandscale living. Nestled in a serene culdesac with views of Blackbutt Forest, this home sits proudly on a spacious 1017sqm block, offering side access on both sides of the property and ample offstreet parking for all your vehicles and recreational toys. positioned between Lake Illawarra and the sparkling Pacific Ocean. The heart of the home lies in the expansive entertainers kitchen, boasting stone benchtops and seamless flow to the casual eating, dining, and living areas. Step outside to the picturesque outdoor entertaining area, where privacy awaits. A large, level fully fenced backyard is just waiting for you to put a pool in for the kids. Retreat to the luxurious master suite, featuring a walkin robe, ensuite, and a balcony offering views over Blackbutt Forrest. Three additional oversized bedrooms with builtin robes ensure ample space for family or guests, while the fourth bedroom offers flexibility as a home office or even a fifth bedroom if required. Entertainment options abound with a separate theatre room and a versatile rumpus room, perfect for billiards or parties. This space could also serve as a homebased business area or be converted into a selfcontained flat with private access. Every aspect of this home has been carefully crafted to maximize comfort and functionality, offering a perfect blend of elegance and easy living. Situated in a familyfriendly neighbourhood surrounded by quality homes, this property invites you to experience the ultimate in coastal living. Dont miss out on the opportunity to make this exceptional residence your new home. Contact Monique Field today to arrange a viewing"
-
85%
$879K
3.9%
-$750,000
-$48,718
2.0%
1.5%
-17.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,400,000
Estimated Purchase Price
$1,575,000
Stamp Duty
$69,680
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$157,500
Reg. Mortgage
$164
LMI Premium
$44,506
Renovation Costs
-
Total Cash/Equity Required
$274,046
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
$1,463
$1,909
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
$23,958
$34,673
Interest Repayments
$93,555
$93,555
Net Cashflow Before Tax
-$69,597
-$58,882
Depreciation
-
-
Tax Offset
-$20,879
-$17,665
Net Cashflow After Tax
-$48,718
-$41,217
Assumptions
Year 1
Year 10
Property Value
6.8%
$881,100
$1,592,819
Loan Balance
I.O
$1,417,500
$1,417,500
-$536,400
$175,319
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2021 Population
Suburbs
Retail Trade - 18.0%
Health Care and Social Assistance - 17.0%
Education and Training - 12.0%
Construction - 10.0%
Others - 43.0%
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