$980K
$181,505
"Looking for a quality built, family sized home close to the Central Coast and Sydney Look no further as this property has so much to offer. Set on just over 3 acres of low maintenance land the property offers a sense of space, retreat, privacy and is just minutes from Spencer Village. The home was designed and built by the current owners and has been a much loved family home. The timeless split level design offers a sense of space and flexibility with multiple casual and formal entertaining zones. The desirable north facing aspect and soaring ceilings with skylights, flood the home with year round sunlight. The solid timber kitchen is a cooks dream with quality appliances and breakfast bar. Featuring 3 good sized bedrooms and recently updated ensuite and main bathroom, the home would be an exceptional family escape from the city or spacious weekenderAirbnb opportunity. The living room on the lower level is great for entertaining friends and family and flows out onto the full length verandah exploiting the spectacular rural views. There is also an additional large veranda on the ground level of the home perfect for entertaining large groups. The property has been developed as a comfortable family home. There is significant water storage, solar power, grid connected, reverse cycle air conditioning and parking for 3 cars with additional off street parking for a boat or caravan. The grounds and gardens have been curated for outdoor entertaining with a number of terraced areas around the property including a screened outdoor alfresco. Quality Built Brick Veneer Home Split Level with Formal and Informal LinvingEntertaining Private 3.1 Acres approx. Elevated with Rural Views Sundrenched Northerly Aspect 3 Generous Bedrooms Ensuite to Main Recently Updated Bathrooms Solid Timber Kitchen with Quality Appliances Large Outdoor Alfresco Full Length Verandas over 2 Levels Solar Power and Mains Grid Connected Perfectly located just minutes form Spencer Village, cafes, boat ramp and public wharf, 45 minutes to Gosford and less than 60 minutes to Wahroonga. Contact Trent Iverson to arrange a private inspection of this beautiful property. Disclaimer All information about this property has been provided from sources we believe to be reliable. Vella Iverson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property. All photographs, maps, boundary markings, measurements and images are representative only for marketing purposes. Property Code 341"
Below are some similar properties in the area you may be interested in.
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51.3%
$602K
4.1%
-$90,000
-$26,209
3.0%
2.3%
-15.0%
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Asking Price
$980,000
Estimated Purchase Price
$1,040,000
Stamp Duty
$41,535
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$104,000
Reg. Mortgage
$164
LMI Premium
$26,780
Renovation Costs
-
Total Cash/Equity Required
$174,675
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,086
$1,417
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
$24,335
$35,165
Interest Repayments
$61,776
$61,776
Net Cashflow Before Tax
-$37,441
-$26,611
Depreciation
-
-
Tax Offset
-$11,232
-$7,983
Net Cashflow After Tax
-$26,209
-$18,628
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$936,000
$936,000
$78,600
$898,155
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2016 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 9.0%
Construction - 8.0%
Others - 52.0%
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