$800K
$143,940
Confidence
Moderate
High
$850,000
Medium
$810,000
Low
$750,000
Confidence
High
"Positioned in a peaceful culdesac of just a few homes, this versatile duallevel residence is a true retreat. With its northerly aspect, natural light floods the interior, complemented by leafy views and the soothing sound of birdsong. Plus, handy rear access with right of carriage way and a designated bay for your trailer, alongside the double garage, ensure plenty of parking space. The main accommodation is perched above the double garage, which also houses a workshop plus an airconditioned rumpus or potential fourth bedroomoffering flexibility depending on your needs. Upstairs, youll find an openplan layout featuring timberlook flooring and ducted airconditioning throughout for yearround comfort. Glass sliding doors lead to the northfacing verandah, perfect for soaking in the winter sun and enjoying the surrounding greenery. While the home is ready to enjoy as is, theres also potential to add your own modern touches if desired, though its certainly not necessary. Conveniently located, medical staff from John Hunter Hospital can enjoy a six minute commute to work. Youre also just over 10 minutes from Westfield Kotara, Charlestown Square, and the lakeside charm of Warners Bay, and less than 20 minutes from the city. Zoning for soughtafter Wallsend South Public School and Lambton High is another bonus. Dual level brick and tile home on north facing 581sqm block Handy rear access into backyard and large carport, double garage, parking bay for trailer Airconditioned rumpus with winter fire on ground floor or could be fourth bedroom Open plan loungedining connects to north facing verandah Timber kitchen with electric stove Ducted ac to upper level living and three robed bedrooms Bathroom with bath, shower and separate wc Wallsend South Public 1.7km, Lambton High 5.3km Newcastle Interchange 10.1km, M1Hunter Expressway 10.3km, Bar Beach 10.8km Building and Pest inspections available on request Water Rates 895.92 pa Council Rates 2,492.64 pa Rental Appraisal 670690 pw Contact your Premier agents Rodney Goodwin, Vlado Zvicer and Daniel Byrnes today to secure your inspection before this amazing opportunity is sold. 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."
-
80.9%
$733K
4.3%
$70,000
-$15,658
3.9%
2.9%
-12.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$800,000
Estimated Purchase Price
$740,000
Stamp Duty
$28,035
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$74,000
Reg. Mortgage
$164
LMI Premium
$19,055
Renovation Costs
-
Total Cash/Equity Required
$123,450
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,433
$1,870
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
$21,588
$31,296
Interest Repayments
$43,956
$43,956
Net Cashflow Before Tax
-$22,368
-$12,660
Depreciation
-
-
Tax Offset
-$6,710
-$3,798
Net Cashflow After Tax
-$15,658
-$8,862
Assumptions
Year 1
Year 10
Property Value
6.8%
$865,080
$1,563,859
Loan Balance
I.O
$666,000
$666,000
$199,080
$897,859
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Education and Training - 9.0%
Accommodation and Food Services - 8.0%
Retail Trade - 8.0%
Others - 56.0%
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