$1.6M
$300,618
Confidence
High
High
$1,524,000
Medium
$1,400,000
Low
$1,276,000
Confidence
High
"A modern family sanctuary on the ocean side of exclusive Killarney Crescent, this contemporary home is a sensational lifestyle offering for beach loving families. Currently showcasing spectacular ocean views over the headland, the four bedroom residence with a saltwater pool lies just a stroll to Sharpes Beach and local schools, with the charm of Lennox village and Byron Bay just a short scenic drive along the coast. Premium 514m2 east facing block in tightlyheld Killarney Crescent Embrace pure beachside living with amazing surf just a stones throw away Outstanding floorplan features two separate living areas over two levels Enjoy fresh sea breezes from the top level with classic timber floors Watch the whales or admire the hinterland from a choice of two balconies Gourmet kitchen with stone benches, Smeg 6 burner stove and oven 10m saltwater swimming pool perfect for enjoying on hot summer days Large main bedroom features an ensuite, walkin robe and deck access Three additional bedrooms all offer builtin robes Excellent crossventilation, high raked ceilings and louvres throughout Air conditioning, powder room, solar system, double garage 650m to Xavier College, 7 mins to Epiq Marketplace, 5 mins to Lennox Head"
-
71.1%
$510K
9.9%
-$255,000
-$48,408
2.2%
1.8%
-16.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,600,000
Estimated Purchase Price
$1,655,000
Stamp Duty
$74,080
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$165,500
Reg. Mortgage
$164
LMI Premium
$46,767
Renovation Costs
-
Total Cash/Equity Required
$288,707
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
$1,067
$1,392
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
$29,153
$42,021
Interest Repayments
$98,307
$98,307
Net Cashflow Before Tax
-$69,154
-$56,286
Depreciation
-
-
Tax Offset
-$20,746
-$16,886
Net Cashflow After Tax
-$48,408
-$39,400
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,495,200
$2,702,966
Loan Balance
I.O
$1,489,500
$1,489,500
$5,700
$1,213,466
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 13.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 51.0%
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