$1.28M
$196,341
Confidence
High
High
$920,000
Medium
$880,000
Low
$840,000
Confidence
Medium
"Green St Property are proud to welcome you to Grandview Estate on Grandview Road which borders New Lambton Heights and Rankin Park. With new land subdivisions almost impossible to secure within 15 to 20 minutes of our vibrant and everchanging Newcastle CBD, Grandview Estate is one of those hidden gems with rich lush bushland surrounds, familyfriendly location and easy to get to and from locations. Situated central to the suburbs of New Lambton Heights and Rankin Park only 3.5 kilometres east of John Hunter Hospital is this alluring family positioned development opportunity. Make yourself at home in the Corsica 1 235, a split level home design from our range for Sloping Sites. Spread over two levels, this home features four bedrooms and two bathrooms, with the option of adding a third bathroom to the lower floor. With two separate living areas, the upper floor embraces the family space by creating a contemporary and functional open plan kitchen and living area. Consider the lower floor as an optional selfcontained flat for those regular guests just add kitchenette The Corsica 1 235 is a full split design suited to a block 15.1m wide or larger. Our Sapphire Collection of inclusions offers exceptional value and high quality. Plus, for a limited time, you can enjoy 40,000 worth of bonus luxury inclusions. Our Sapphire Inclusions package is one of the ways we ensure your home is of a high quality both inside and out. BASIX and water tank Standard site costs Termite resistant frames and trusses Sarking under roof tiles Automatic Colorbond panelift garage doors, includes motor remote Flyscreens to all windows and sliding doors Stainless steel dishwasher microwave 900mm Haier cooktop oven Luxurious 20mm stone kitchen benchtops Soft close kitchen drawers and doors Daikin Inverter Ducted Air Conditioning single zone Square set ceilings to living area Laundry fit out with Polytec cabinetry For more information on this package, or for anything else, please reach out to me directly over the phone or via my email. CONDITIONS APPLY Bundle price excludes costs associated with land purchase eg. legal fees, stamp duty and property searches etc. Bundles and pricing are based on current preliminary developer land information and are subject to developers design review panel, land registration and statutoryregulatory authority requirements eg. Council, BASIX, Mines, Bushfire Regs etc as well as soil assessment, contour survey and engineers reports. See inclusions list for standard inclusions. Pictures shown are for illustrative purposes only. Montgomery Homes reserves the right to revise plans, pricing and all specifications without obligation or notice prior to payment of a commencement fee. Site cost allowances are based on average site costs and may vary per individual site. Clients are responsible for tree and vegetation removal as well as scraping the site to a depth of 5075mm prior to construction. Designs and plans are copyright protected and remain the property of Montgomery Homes Pty Ltd at all times. Estate Grandview Inclusions Sapphire Design Corsica 1 235"
-
89.3%
-
-
-$305,000
-$34,124
2.4%
1.8%
-16.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,279,300
Estimated Purchase Price
$1,185,000
Stamp Duty
$48,230
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$118,500
Reg. Mortgage
$164
LMI Premium
$33,486
Renovation Costs
-
Total Cash/Equity Required
$202,575
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
$70,389
$70,389
Net Cashflow Before Tax
-$48,749
-$39,025
Depreciation
-
-
Tax Offset
-$14,625
-$11,707
Net Cashflow After Tax
-$34,124
-$27,317
Assumptions
Year 1
Year 10
Property Value
6.8%
$939,840
$1,699,007
Loan Balance
I.O
$1,066,500
$1,066,500
-$126,660
$632,507
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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