Withheld
$68,854
Confidence
High
High
$1,560,000
Medium
$1,480,000
Low
$1,400,000
Confidence
Moderate
"Step into this impeccably crafted, nearnew home, designed with the perfect blend of comfort and style. This stunning property features a resortstyle pool and entertainment spaces, ideal for hosting gatherings or unwinding in your private oasis. The home boasts a versatile layout with multiple living areas, offering endless possibilities to adapt the space to your unique lifestyle. The potential for downstairs selfcontained accommodation makes it perfect for extended family, guests, or even as a rental income opportunity. Indulge in the luxurious Premiere suite, complete with His Hers wardrobes, showers, and sinksan elegant retreat that exudes glamour and sophistication. Situated on a spacious 834sqm block or 1219sqm including access easement, this property also includes a massive storage shed or workshop with dual legal access from the neighboring block. Whether youre a home handyman or a local tradesman, youll have all the space you need for your tools, hobbies, and projects. The neighboring blocks restriction of use around the historic Fig Tree ensures a nobuild zone, preserving the natural beauty and privacy of your property. The large warehouse, already equipped with proper foundations, water, and sewer connections, can easily be converted into a second dwelling subject to council approval, adding even more value and versatility to this remarkable home. Located less than five minutes from Lennox Head village, youll enjoy easy access to cafes, restaurants, and shops, as well as worldclass surfing just moments away. Embrace the ultimate coastal lifestyle at 21 McLeans Street. Dont miss your chance to call this exquisite property your forever home. Schedule a viewing today and experience the pinnacle of modern coastal living"
-
88%
$1.43M
3.1%
$20,000
-$40,300
2.5%
2.0%
-15.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,460,000
Stamp Duty
$63,355
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$146,000
Reg. Mortgage
$164
LMI Premium
$41,256
Renovation Costs
-
Total Cash/Equity Required
$252,971
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
Rates
+3.0% PA
$1,067
$1,392
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
$29,153
$42,021
Interest Repayments
$86,724
$86,724
Net Cashflow Before Tax
-$57,571
-$44,703
Depreciation
-
-
Tax Offset
-$17,271
-$13,411
Net Cashflow After Tax
-$40,300
-$31,292
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,580,640
$2,857,421
Loan Balance
I.O
$1,314,000
$1,314,000
$266,640
$1,543,421
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 13.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 51.0%
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