Withheld
$108,936
Confidence
High
High
$1,450,000
Medium
$1,382,000
Low
$1,300,000
Confidence
Moderate
"Offered for sale for the first time in 25 years, this charming and characterfilled residence is perfectly situated in the idyllic coastal suburb of Boat Harbour. This immaculate property, which exudes a timeless appeal, presents an exciting opportunity for buyers looking to secure a piece of real estate in a highly soughtafter area, with incredible ocean views all the way through to Newcastle. Sitting proudly on an elevated position along the street and backing onto the national park, the homes solid brick faade gives it a commanding presence. Inside, the generous proportions of the house are immediately evident, offering an abundance of space that opens up countless possibilities for customisation and personalisation. With its original features intact, there is plenty of scope to modernise and create a contemporary family retreat, while still preserving the homes distinctive character. Upon entering, you are greeted by a spacious entryway with tiled flooring that flows seamlessly throughout. High, white ceilings contribute to the light and airy feel of the interior, while brick accents on the walls add warmth and texture. The property has a distinct personality, blending traditional charm with potential for modern enhancements. The ground floor boasts an expansive rumpus room that could serve as a second entertaining space, perfect for hosting gatherings or simply relaxing. This room could also be an 4th bedroom. The double sliding doors in this area lead out onto the front of the home, creating a seamless connection between indoor and outdoor spaces, perfect for enjoying the coastal breeze and sunshine. As you make your way upstairs, the homes elevated position truly comes into focus, with beautiful views of the nearby beach and treetops. These panoramic vistas are complemented by a lightfilled atmosphere, creating a serene and peaceful living environment. This level of the home is where the three spacious bedrooms are located, making it ideal for a growing family. Each room is thoughtfully designed to maximize space and comfort, with some offering sliding doors that open onto the front deck. This allows for easy access to the outdoors and offers an additional area for relaxation, where you can take in the calming ocean views. The kitchen is wellappointed, with ample bench space and wraparound countertops, offering plenty of room for meal preparation. The cabinetry provides generous storage, and the kitchen looks out onto the rear of the home, offering a lovely view while you cook. The adjoining living area is the heart of the home, with large windows that frame spectacular water views. Here, you can step directly onto the expansive undercover deck, which provides the perfect setting for al fresco dining or simply enjoying the quiet, relaxing surroundings. The location of this home further enhances its appeal. It is situated just a short 450meter stroll to Kingsley Beach. Boat Harbour Beach is also within easy walking distance, approximately 800 meters away, providing endless days of sun, sand, and surf. Despite its serene coastal setting, the home is conveniently located only a 10minute drive from the bustling Nelson Bay CBD, ensuring that all the amenities of town life are within easy reach. The Anna Bay Shopping Village is even closer, just a 3minute drive away, providing local shops, cafes, and essentials. Additional features of the property include a secure double lockup garage, recently repainted inside outside, new carpets, eglass windows installed facing the ocean, solar panels, ducted reverse cycle air conditioning and sub floor ventilation. This is a rare opportunity to acquire a substantial home in a prime coastal location that has not been available for sale in over two decades. Whether youre looking for a family home, a coastal retreat, or an investment with immense potential, this property offers it all. With its blend of original charm and incredible scope for modernisation, it invites you to create your dream home in one of Boat Harbours most coveted settings. Please contact Dane Queenan on 0412 351 819 or Erin Sharp on 0400 560 067 to arrange your own private appointment or to receive a full information package on this property including comparable sales, contact for sale, pest and building reports and rental appraisals. Disclaimer All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without a price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing. httpswww.prd.com.auportstephensprivacytermsconditions"
-
82.6%
-
-
$20,000
-$32,763
3.1%
2.5%
-14.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,360,000
Stamp Duty
$57,855
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$136,000
Reg. Mortgage
$164
LMI Premium
$38,431
Renovation Costs
-
Total Cash/Equity Required
$234,645
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
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
$33,980
$48,887
Interest Repayments
$80,784
$80,784
Net Cashflow Before Tax
-$46,804
-$31,897
Depreciation
-
-
Tax Offset
-$14,041
-$9,569
Net Cashflow After Tax
-$32,763
-$22,328
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,473,840
$2,664,352
Loan Balance
I.O
$1,224,000
$1,224,000
$249,840
$1,440,352
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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