$570K
$106,375
Confidence
High
High
$600,000
Medium
$570,000
Low
$540,000
Confidence
Not Found
"An amazing investment opportunity presents itself with this stunning duplex home offering a guaranteed rental income for 369 years or longer is available The company taking on the lease offers Guaranteed rent for the life of the lease All property maintenance work completed by the tenant company, free of charge WEEKLY property inspections with photos available monthly Any damage that occurred will be fully repaired and back to its original condition Property Highlights 2024 built duplex home spanning two levels, boasting premium inclusions throughout. Large open plan living and dining area on the upper floor. Four bedrooms, two enjoying the convenience of ensuite bathrooms. Contemporary bathrooms and ensuites featuring vanities with soft close cabinetry and walkin showers. Gourmet kitchen boasting quality Bellini appliances, soft close cabinetry, a builtin pantry, plus an island bench with a breakfast bar. Quality tiled flooring, LED downlights, a neutral paint palette, plus extra high ceilings across the ground floor. Low maintenance yard with a 3000L water storage tank. Attached single car garage with internal access, plus single side access to the yard. Outgoings Rental Return 600 approx per week Offering a rare chance to secure a brand new duplex home in the popular suburb of Raymond Terrace, this spacious light filled residence is sure to prove popular with homeowners and investors alike Perfectly positioned, this incredible property is located within a short distance of parklands, the Hunter River and Raymond Terrace MarketPlace, delivering all your everyday needs within moments of home. In addition, youll be delighted to find Newcastle city and beaches a 50 minute drive, and the holiday destination of Port Stephens a short 35 minutes from home. Built in 2024, this exceptional home boasts a striking contemporary facade featuring cladding and a Colorbond roof. A lovely low maintenance front yard offers a warm welcome, with a driveway leading to the attached single car garage that offers internal access to the home, along with a laundry nook for additional functionality. The pleasing first impression continues as you step inside, revealing the extra high ceilings found on the first level of the home, along with premium floor tiles, LED downlights, and a neutral paint palette throughout. There are four bedrooms on offer, two of which are located on the ground floor, both of these bedrooms enjoy the convenience of ensuite bathrooms, including walkin showers and vanities with soft close cabinetry. A further two bedrooms are located on the upper floor, serviced by the main family bathroom which includes a walkin shower, a vanity with soft close cabinetry, and the convenience of a separate WC. The open plan living, dining and kitchen area offers plenty of space to unwind and connect with your loved ones, illuminated by LED downlights and featuring the same premium tiles underfoot. The gourmet kitchen overlooks this open plan design, boasting quality Bellini appliances, plenty of storage in the surrounding soft close cabinetry and builtin pantry, 30mm benchtops, a large format tiled splashback, and an island bench that includes a dual sink and a breakfast bar for your casual dining. Step outside via the glass sliding door and youll find a lovely low maintenance backyard featuring a patio area, an established garden with a retaining wall, a 3000L water storage tank and handy single side access. A brand new home offering this standard of luxurious low maintenance living is certain to prove popular with homeowners and investors from near and far. We encourage our clients to contact the team at Clarke Co Estate Agents today to secure their inspections. Why youll love where you live Moments to a range of sporting fields and Raymond Terrace Boat Ramp. A short drive to Raymond Terrace MarketPlace, offering a large range of retail, dining and services to meet your daily needs. 20 minutes to Newcastle Airport. 50 minutes to Newcastle city and beaches. 45 minutes to the sights and gourmet delights of the Hunter Valley Vineyards. 35 minutes to the pristine shores of Port Stephens. Health Safety Measures are in Place for Open Homes All Private Inspections 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 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."
-
72.8%
$650K
4.2%
-$70,000
-$29,703
-
-
-27.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$570,000
Estimated Purchase Price
$640,000
Stamp Duty
$23,535
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$64,000
Reg. Mortgage
$164
LMI Premium
$16,480
Renovation Costs
-
Total Cash/Equity Required
$106,375
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,417
-$5,763
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$42,433
-$43,779
Depreciation
-
-
Tax Offset
-$12,730
-$13,134
Net Cashflow After Tax
-$29,703
-$30,645
Assumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$576,000
$576,000
$32,760
$524,493
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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