2 Sea Breeze Place
75 days on Market

2 Sea Breeze Place,
Scotts Head, NSW

house
First listed on 11/11/2024
Property Overview
Bedrooms4
Bathrooms3
Car Spaces3
Current Asking Price

$3.5M

Cash Required (10% Deposit)

$696,132

Agent

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Market Appraisal

Confidence

High

High

$3,800,000

Medium

$3,500,000

Low

$3,200,000

Appraised Rent

Confidence

N/A

-

Original Listing

Street Statistics

Public Housing (%)

0%

Owner Occupiers (%)

73.5%

Median Street Sold Price

$1.1M

Median Street Rental Yield

2.6%

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Property Investment Scores

Property

Configuration

Very Good

Street

Sweet Spot

Very Good

Suburb

Proj. Growth

Average

Overall

Investment

Good

Under Market Value

-$465,000

Net Cashflow PA

-$119,328

Gross Yield

1.7%

Purchase Costs

Asking Price

$3,500,000

Estimated Purchase Price

$3,765,000

Stamp Duty

$194,030

Transfer Fee

$165

Conveyancing

$1,480

Deposit (10%)

$376,500

Reg. Mortgage

$164

LMI Premium

$106,391

Renovation Costs

-

Total Cash/Equity Required

$679,281

Income Statement (Cashflow)

Income

Assumptions

Year 1

Year 10

Rent Received

+4.0% PA

$62,400

$88,815

Expenses

Property Management

+7.7% PA

$4,805

$6,839

Rates

+3.0% PA

$1,046

$1,365

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

$53,172

$76,205

Interest Repayments

$223,641

$223,641

Net Cashflow Before Tax

-$170,469

-$147,436

Depreciation

-

-

Tax Offset

-$51,141

-$44,231

Net Cashflow After Tax

-$119,328

-$103,205

Balance Sheet

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Assets

Assumptions

Year 1

Year 10

Property Value

6.8%

$3,524,400

$6,371,277

Liabilities

Loan Balance

I.O

$3,388,500

$3,388,500

Net Equity

$135,900

$2,982,777

Property Inspection Report

Property Overview

Perched on the headlands of Scotts Head, this stunning property offers breathtaking panoramic ocean views. With nearly 500m2 of luxurious space, it features a main dwelling with three bedrooms, each with a spa ensuite, and a separate one-bedroom apartment, perfect for guests or rental income. The home's standout design mimics the waves, providing beauty and functionality with wind resistance and thermal efficiency. Its proximity to the beach allows for endless activities, making it a superb full-time residence or a smart investment.

Inspection Checklist

  • Verify the actual total floor space of the main dwelling and apartment.
  • Examine the condition and quality of ensuite bathrooms and spa baths.
  • Assess the maintenance and durability of wide windows and their frames.
  • Inspect the terrace and outdoor spaces for structural integrity and safety.
  • Evaluate overall water drainage and thermal efficiency due to architectural design.
  • Check the condition of appliances and fixtures in both the main dwelling and the apartment.
  • Investigate the history of the property regarding previous storm or weather damage.
  • Verify zoning laws for possible rental usage of the apartment.
  • Review any potential restrictions on local coastal activities (e.g., fishing, surfing).

Questions for Agent

  • Can you confirm the total square footage of the main house and the separate apartment?
  • Are there any recent renovations or fixes done to the property?
  • What is the history of weather-related damages, if any?
  • Are there community regulations regarding renting out the apartment?
  • How often do the marine life like dolphins and whales appear?
  • Is the terrace area subject to local council regulations or restrictions?
  • What are the local amenities and their distances from the property?
  • Can you provide any insights into the property's utility costs regarding thermal efficiency?
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Location Opportunity

Area of Nambucca statistics

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.

20,407

2021 Population

35

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Average

Health Care and Social Assistance - 17.0%

Construction - 13.0%

Retail Trade - 11.0%

Accommodation and Food Services - 10.0%

Others - 49.0%

income growth
High

Average Income

COMMUTE TIME

142mins

73kms

Poor

Pr

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Spent Per Capita

$67K
1

Nambucca Shire Council

The Nambucca Heads Sewerage Scheme is a 25 million project that provides a modern sewerage system for the Nambucca Heads area

Energy, Electricity, Gas & WaterComplete
$25M
2

Nambucca Shire Council

The Bowraville Water Treatment Plant Upgrade is a 15 million project that will improve the quality of drinking water for the Bowraville area

Energy, Electricity, Gas & WaterUnder Construction
$15M
3

Neoen

The Nambucca Valley Solar Farm is a 100 million project that will generate enough electricity to power 20000 homes

Energy, Electricity, Gas & WaterConfirmed
$100M
4

Hillgrove Resources Limited

The Hillgrove Gold Mine is a gold mine located in the Nambucca Valley approximately 30km southwest of Armidale The mine is expected to produce 100000 ounces of gold per annum over a 5year mine life

MiningUnder construction
$120M
5

Nambucca Coal Pty Ltd

The Nambucca Coal Mine is a coal mine located in the Nambucca Valley approximately 20km southwest of Macksville The mine is expected to produce 15 million tonnes of coal per annum over a 5year mine life

MiningConfirmed
$50M
6

NSW Government

The Nambucca Heads Hospital Redevelopment project involves the construction of a new hospital and the refurbishment of existing facilities

Community & Other servicesUnder construction
$25M
7

Nambucca Valley Council

The Macksville Sporting Complex Upgrade project involves the construction of new sporting facilities and the upgrade of existing infrastructure

Community & Other servicesConfirmed
$15M
8

Nambucca Valley Council

The Nambucca Valley Community Centre project involves the construction of a new community centre and the provision of community services

Community & Other servicesUnder consideration
$20M
9

NSW Government

The Bowraville Central School Upgrade project involves the construction of new school facilities and the upgrade of existing infrastructure

Community & Other servicesUnder consideration
$22M
10

Nambucca Shire Council

The Nambucca Heads CBD Revitalisation project aims to enhance the town centres amenity improve traffic flow and increase economic activity

Finance, Property & Business servicesUnder construction
$25M
11

Transport for NSW

The Pacific Highway Upgrade project involves upgrading the highway to a fourlane divided road improving safety and reducing travel times

Finance, Property & Business servicesUnder construction
$1200M
12

Nambucca Shire Council

The Nambucca Valley Airport Upgrade project involves upgrading the airports infrastructure including the runway and terminal building

Finance, Property & Business servicesConfirmed
$10M
13

Private Developer

The Valla Beach Estate project involves developing a new residential estate including homes parks and community facilities

Finance, Property & Business servicesUnder construction
$50M
14

Transport for NSW

Upgrade of the Pacific Highway between Nambucca Heads and Urunga including the construction of a new fourlane highway and the upgrade of existing intersections

TradeUnder construction
$230M
15

Nambucca Valley Council

Development of a new urban growth area in Valla including the construction of new residential and commercial areas and the upgrade of existing infrastructure

TradeConfirmed
$50M
16

Nambucca Valley Council

Upgrade of the Nambucca Valley water supply system including the construction of new water treatment plants and the upgrade of existing infrastructure

TradeUnder consideration
$30M
17

Nambucca Valley Council

Construction of a new administration building for Nambucca Valley Council including office space and community facilities

GovernmentComplete
$25M
18

NSW Health

Redevelopment of Macksville Hospital including the construction of new buildings and upgrades to existing facilities

GovernmentConfirmed
$40M

Li

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Local Services

Good

1

Coffs Harbour Airport

Airport

58km
2

Port Macquarie Airport

Airport

82km
3

Medlow Public School

School

8km
4

Bowraville Central School

School

15km
5

Macksville Public School

School

20km
6

Southern Cross University - Coffs Harbour Education Campus

University

57km

Po

Population Growth

Average Population

SUPPLY vs POPULATION
Under Supply

Projected Population Growth

3.9%

projected

for 2025 to 2027

Average

Su

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Recent New Home Construction

1.4%

Average
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

RENTAL YIELD
Poor

Average Rental Yield

VACANCY RATE
Very Good

Average Vacancy Rate

Days of Supply
Very Good

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Excellent

Average Population

Pricing

Sold Price

Asking Price

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