$660K
$120,889
Confidence
Medium
High
$1,760,000
Medium
$1,600,000
Low
$1,440,000
Confidence
Medium
"This wonderful twobedroom Villa is located on the shores of beautiful Lake Macquarie at Marks Point, with access to everything you could possibly want. Live in absolute bliss as you enjoy a drink, whilst enjoying the breezes of incredible Lake Macquarie. Simply stroll to the lake which is only 50 metres from your unit. Located near to the lake and beaches, Belmont golf course, and Marks Point Sports Club, the friendliest club on the lake, schools public transport. If you enjoy walking or spending time on or around the water, then you have found your perfect home. Public transport is readily available, making travel into Charlestown, Swansea Newcastle city easily accessible. This property is a great investment opportunity, with the current tenants saying they are happy to stay on long term. To learn more about this property, contact the agent now. Property Features Modern Kitchen with Appliances 2 generous sized bedrooms with robes Open plan living indoors and out. Rear yard gate access. Fantastic outdoor entertaining area with merbau seating Single garage with keyless entry and internal access Ducted Air throughout Remote controlled security gate access On grounds lake front ideal for a picnic Currently leased and returning 500pw E OE. Swansea Real Estate believe that all information contained herein is gathered from sources we believe to be reliable, however Swansea Real Estate cannot guarantee its accuracy and interested parties should rely on their own inquiries. All images and floorplans are indicative of the property only."
-
57.4%
$725K
3.9%
$25,000
-$50,341
1.8%
1.4%
-18.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,575,000
Stamp Duty
$69,680
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$157,500
Reg. Mortgage
$164
LMI Premium
$44,506
Renovation Costs
-
Total Cash/Equity Required
$274,046
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
$1,381
$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
$21,640
$31,364
Interest Repayments
$93,555
$93,555
Net Cashflow Before Tax
-$71,915
-$62,191
Depreciation
-
-
Tax Offset
-$21,575
-$18,657
Net Cashflow After Tax
-$50,341
-$43,534
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,708,800
$3,089,104
Loan Balance
I.O
$1,417,500
$1,417,500
$291,300
$1,671,604
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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