$430K
$58,956
Confidence
85%
High
$1,060,000
Medium
$975,000
Low
$890,000
Confidence
80%
"Its back Had been temporarily withdrawn from the market due to personal reasons. Vendors are now motivated and ready so dont miss this fantastic opportunity. Less than 2 years old, this gorgeous 2 bedroom home is sure to impress. Offering air conditioned open plan and tiled living area, spacious kitchen with stone benchtops and breakfast bench, dishwasher, double sink, gas cooktop, electric oven, large fridge space and pantry. 2 good size bedrooms both with built in robes and ceiling fans. Twoway bathroom to utilise as ensuite, with large shower recess. Linen press, separate laundry with second toilet and gas hot water. Lovely front porch for the morning cuppa, enclosed with stylish and modern style louvres. External blinds on windows, porch and in carport. Single covered carport but uncovered space for a second small car, boat or trailer. Fully fenced yard area for privacy or the pooch and a garden shed. Extremely low maintenance home. If you are in the market and ready to go, be sure to contact Tracy to arrange an inspection. Bayway Village is a lifestyle Village for the over 50s, situated in Fern Bay just outside of Newcastle and at the gateway to Port Stephens. The Village offers a secure living environment, fantastic facilities and a range of social groups and activities. The village is located close to medical facilities, shops and transport."
-
87.6%
-
-
$600,000
-$1,886
6.9%
5.2%
-3.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$430,000
Estimated Purchase Price
$375,000
Stamp Duty
$11,610
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$37,500
Reg. Mortgage
$164
LMI Premium
$7,486
Renovation Costs
-
Total Cash/Equity Required
$58,956
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
Rates
+3.0% PA
$1,040
$1,357
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
$19,581
$28,393
Interest Repayments
$22,275
$22,275
Net Cashflow Before Tax
-$2,694
$6,118
Depreciation
-
-
Tax Offset
-$808
$1,836
Net Cashflow After Tax
-$1,886
$4,283
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,041,300
$1,882,423
Loan Balance
I.O
$337,500
$337,500
$703,800
$1,544,923
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2021 Population
Suburbs
Public Administration and Safety - 15.0%
Manufacturing - 12.0%
Retail Trade - 10.0%
Accommodation and Food Services - 9.0%
Others - 54.0%
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