Withheld
$131,567
"An extremely unique opportunity awaits... 6 Coleto Crescent offers a very large 1101sqm block, located just 570m from the beach, with the perfect blend of space, privacy, and convenience. A residence that is truely ideal for families looking to establish themselves within one of Burleigh Waters most soughtafter pockets. This original 1980s home is nestled in a tranquil, familyfriendly culdesac, right next to newly revitalised parkland. Its the perfect opportunity for those eager to renovate or start fresh with a knockdownrebuild, creating their dream home. The property boasts a vast eastfacing backyard with a pool, capturing an abundance of natural light throughout the day. Despite its peaceful and secluded ambiance, the home is only a 4minute drive from the iconic Burleigh Beach and 5minutes drive to popular Miami Marketta night markets. With a generous block, ample privacy, and close proximity to local amenities, this property is an absolute mustsee Features at a glance Huge 1101sqm block in quiet cutdesac Three bedrooms Two Bathrooms Ample driveway onstreet parking Wide East facing backyard Large swimming pool Incredible coastal location, less than 570m stroll to Burleigh Beach Adjacent to recently updated parkland Quiet family friendly area Easy access to popular shops, schools, cafes, restaurants, the M1 motorway, Airport and so much more Additional information Council rates. 2,377.37 6 months Water Rates. 402.54 3 months Property built in 1980 For all enquiries, please email or call the Team Massey on 0401255511. Disclaimer We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate. Prospective buyers should make their own enquiries to satisfy themselves as to its accuracy. Although high standards have been used in the preparation of this document, no legal responsibility can be accepted by Harcourts Coastal Robina or any loss or damage resulting from the content or the use of this information. Any photographs show only certain parts of the property as it appeared at the time they were taken. Areas, amounts, measurements, distances and all other numerical information is approximate only."
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79.1%
$1.68M
3.7%
$20,000
+
21.1%
19.1%
51.0%
6.0%
Asking Price
-
Estimated Purchase Price
$1,480,000
Stamp Duty
$65,625
Transfer Fee
$5,701
Conveyancing
$1,665
Deposit (10%)
$148,000
Reg. Mortgage
$224
LMI Premium
$45,861
Renovation Costs
-
Total Cash/Equity Required
$267,627
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$312,000
$444,073
Property Management
+7.7% PA
$24,024
$34,194
Rates
+3.0% PA
$1,318
$1,720
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$283,007
$403,396
Interest Repayments
$87,912
$87,912
Net Cashflow Before Tax
$195,095
$315,484
Depreciation
-
-
Tax Offset
$58,529
$94,645
Net Cashflow After Tax
$136,567
$220,839
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,602,000
$2,896,035
Loan Balance
I.O
$1,332,000
$1,332,000
$270,000
$1,564,035
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 13.0%
Retail Trade - 12.0%
Accommodation and Food Services - 11.0%
Construction - 9.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price