$775K
$116,620
Confidence
High
High
$860,000
Medium
$780,000
Low
$720,000
Confidence
High
"Move in as is or renovate to make it your own 3 bedrooms with built in wardrobes Spacious living area separate sunroom Neat tidy kitchen and dining zone Side access into the backyard, perfect for boats, trailers etc. Single garage with internal access large double garage Home includes Air conditioning solar hot water Positioned beautifully, surrounded by quality homes in an established lakeside suburb All this on a manageable 758.9sqm block Approximate 3min walk from Balmoral Reserve and Lake Macquarie Approximate 2min drive to Rathmines Public School Approximate 3min drive to Rathmines Shopping Village and Waterfront Parkland Approximate rental potential 550.00 to 570.00 per week Floor plans available upon request Call now for a private inspection Located in the stunning lakeside suburb of Balmoral, 95 Letchworth Parade is a delightful original home. This inviting property is ideal for families, first time buyers, or anyone looking to enjoy the vibrant lifestyle that this beautiful area has to offer. The home features 3 bedrooms, a spacious living area, kitchen, dining, threeway bathroom and a light and bright sunroom. With access into the backyard, a single garage and a large separate double garage, this property has plenty of storage and is ideal for parking boats, trailers etc. Situated on a generous 758.9sqm block, with bush reserve across the road and approx. 3mins walk from Balmoral Reserve and Lake Macquarie, its perfect for those who love space and the outdoors. Move in as is or renovate to make it your own or add value. Dont miss this fantastic opportunity Enquire today. From all of us at Ray White Toronto Warners Bay Wangi Wangi North Lake Macquarie, we wish you every success in the search for your next property. If you would like more detail on this or to chat about one of the many other properties we have available please call or email us today. DISCLAIMER We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document."
-
80.6%
-
-
$45,000
-$10,374
5.0%
3.9%
-8.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$795,000
Estimated Purchase Price
$735,000
Stamp Duty
$27,810
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$73,500
Reg. Mortgage
$164
LMI Premium
$18,926
Renovation Costs
-
Total Cash/Equity Required
$122,596
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
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
$28,839
$41,611
Interest Repayments
$43,659
$43,659
Net Cashflow Before Tax
-$14,820
-$2,048
Depreciation
-
-
Tax Offset
-$4,446
-$614
Net Cashflow After Tax
-$10,374
-$1,433
Assumptions
Year 1
Year 10
Property Value
6.8%
$833,040
$1,505,938
Loan Balance
I.O
$661,500
$661,500
$171,540
$844,438
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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