$660K
$124,304
Confidence
High
High
$600,000
Medium
$560,000
Low
$520,000
Confidence
Moderate
"Nestled in the popular Riverview Ridge Estate, this charming property offers the perfect blend of spacious living and comfort. Situated at the end of a quiet culdesac in a community title subdivision, with ample driveway parking and a double garage, this home boasts a range of features that cater to modern living. All prospective buyers will benefit from its proximity to bus stops, schools and the CBD, making this location ideal for families and investors alike. Key features include Inviting tiled entry and hallway leading to the central living area. Spacious open plan kitchen and dining room features a reverse cycle airconditioner. The kitchen is equipped with a cooktop, under bench oven, rangehood, and a dishwasher. Sliding glass doors from the dining room open to the back alfresco area, perfect for outdoor entertaining. Large main bedroom with carpet, walkthrough robe, and tidy ensuite featuring a vanity, shower, and toilet. Remaining three bedrooms are generously sized, all with carpet and builtin robes. Spacious central bathroom is complete with a vanity, bath, shower, and toilet. Good size laundry with external access. Secure backyard, ideal for pets or children to play freely. Double garage features a remote panel lift door and internal access, ensuring added security and convenience. Contact us today to arrange an inspection. Approximate travel time Newcastle 30 minutes. Newcastle Airport 25 minutes. Nelson Bay 40 minutes. Sydney 2 hours. Block size 641m2. Council rates 403 per quarter. Body corporate fees 241.60 Property built in 2005. Rental appraisal 610 630 per week. Disclaimer We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations."
-
70.9%
$631K
4.8%
-$205,000
-$19,782
3.1%
2.3%
-15.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$680,000
Estimated Purchase Price
$765,000
Stamp Duty
$29,160
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$76,500
Reg. Mortgage
$164
LMI Premium
$19,699
Renovation Costs
-
Total Cash/Equity Required
$127,719
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$17,181
$24,978
Interest Repayments
$45,441
$45,441
Net Cashflow Before Tax
-$28,260
-$20,463
Depreciation
-
-
Tax Offset
-$8,478
-$6,139
Net Cashflow After Tax
-$19,782
-$14,324
Assumptions
Year 1
Year 10
Property Value
6.8%
$598,080
$1,081,186
Loan Balance
I.O
$688,500
$688,500
-$90,420
$392,686
Below are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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