$450K
$66,379
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Try Picki for FREEConfidence
High
-
Medium
-
Low
-
Confidence
This desirable 613 m2 elevated coastal block is perfect for those who treasure outdoor activities. Located just 300 meters from the Warrell Creek picnic area and Weir reserve boat ramp, it's an oasis for fishing, boating, and kayaking enthusiasts. A short 500-meter stroll leads you to Fosters Beach's golden sands, and Club Scotts is a mere 400 meters away, ideal for socializing and dining. Nestled in the charming village of Scotts Head, enjoy easy access to cafes, shopping, and parks. The R1 General Residential zoning offers potential for creative home designs, making it an attractive choice for your dream coastal home.
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83.5%
$898K
3.2%
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Try Picki for FREE$10,000
-$21,391
-
Asking Price
$450,000
Estimated Purchase Price
$440,000
Stamp Duty
$14,535
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$44,000
Reg. Mortgage
$164
LMI Premium
$8,784
Renovation Costs
-
Total Cash/Equity Required
$69,679
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,423
-$5,771
Interest Repayments
$26,136
$26,136
Net Cashflow Before Tax
-$30,559
-$31,907
Depreciation
-
-
Tax Offset
-$9,168
-$9,572
Net Cashflow After Tax
-$21,391
-$22,335
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$396,000
$396,000
$84,600
$472,810
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Construction - 13.0%
Retail Trade - 11.0%
Accommodation and Food Services - 10.0%
Others - 49.0%
Average Income
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projected
for 2025 to 2027
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Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price