$890K
$137,110
Confidence
High
High
$920,000
Medium
$900,000
Low
$880,000
Confidence
Medium
"Are you looking to call Kotara South home This beautifully presented threebedroom gem, cherished for over 25 years, is ready to welcome a new family. One of the standout features is the dual driveways, one leading to a single garage under the homes roofline, and the other to a large carport, providing plenty of offstreet parking for all your vehicles. The northfacing backyard is another highlight, offering a tiered, spacious lawn perfect for kids and pets to enjoy. With its soft elevation, the home is bathed in natural light and offers pleasant district views. The immaculate presentation means you can move straight in and start making memories, while still having the option to add your personal style and increase value with updates to the kitchen and bathroom, though its certainly not a must. Surrounded by familyfriendly amenities, the kids can head around the corner to Carramar Park for a play, while Nesbitt Park and Lugar Park are nearby for weekend sports. Schools like Kotara South Public and St James Primary are just a short stroll away. If you need your morning coffee or a few essentials, Joslin Street shops have you covered, and for more extensive retail therapy or entertainment, Westfield Kotara and Charlestown Square are just minutes away. 581.7sqm block with north facing backyard and pleasant district views Brick driveway to single garage, second driveway to large carport at rear of block Sunroom on entry flows into open plan livingdining with ac and brick fireplace Kitchen with electric cooking appliances Three bedrooms, all with ac, one with builtin robe Bathroom with bathtub, shower and separate wc Kotara South Public School 1km, St James Primary 1.2km, Kotara High 2.5km Central to Westfield Kotara and Charlestown Square Less than 10 minute drive to John Hunter Hospital via the nearby city bypass 15 minute drive into Newcastle city centre, 10 minutes to Warners Bay lake foreshore Council Rates 613 per quarter Water Rates 295 per quarter Potential Rental Return 650 700 pw Approximately DISCLAIMER We have obtained all information provided here from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including without limitation, any income, rentals, dimensions, areas, zoning and permits."
-
87.6%
$948K
3.5%
$60,000
-$18,099
3.7%
2.9%
-12.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$890,000
Estimated Purchase Price
$840,000
Stamp Duty
$32,535
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$84,000
Reg. Mortgage
$164
LMI Premium
$21,630
Renovation Costs
-
Total Cash/Equity Required
$140,525
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
$1,381
$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
$24,040
$34,780
Interest Repayments
$49,896
$49,896
Net Cashflow Before Tax
-$25,856
-$15,116
Depreciation
-
-
Tax Offset
-$7,757
-$4,535
Net Cashflow After Tax
-$18,099
-$10,581
Assumptions
Year 1
Year 10
Property Value
6.8%
$961,200
$1,737,621
Loan Balance
I.O
$756,000
$756,000
$205,200
$981,621
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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