$560K
$101,401
Confidence
High
High
$573
Medium
$549
Low
$525
Confidence
Not Found
"A threebedroom, twobathroom highset home has just come on the market in one of the most soughtafter addresses on Russell. 37 Canaipa Point Drive has breathtaking water views from almost every window. This 23yearold home is positioned in one of the best locations on the island. And at this price, it would be hard to find something better. Access is up a flight of stairs to the verandah, which wraps around the northeastern side of the house. That is where the magic happens. but more about that later. The home features three bedrooms, an Ensuite to the main bedroom, an openplan lounge and dining area, with an allelectric kitchen. The massive timber deck on the top floor leads off the kitchen and is perfect for outdoor dining and entertaining. With a home of this calibre and such a welcoming outdoor area, Christmas could be at your new home this year. It is a fantastic space that could easily accommodate thirty people or more and has the most spectacular outlook. Imagine your family and friends sitting around the table, enjoying the feast and celebrating the festivities. However, the 180 ocean vista could cause a slight problem you may have to toss a coin to see who sits with their back to the view. The bedrooms are all off the hallway and are spacious, with builtin robes and ceiling fans. The bathroom has a shower, vanity, and toilet. It is so huge that it conveniently doubles as the laundry. There is no excuse for clothes dropped on the floor they go straight into the washing machine. You could also build a new laundry downstairs for easy access to the clothesline and install a spa bath with the extra room. Still worried about the clothes on the floor Problem solved add a dirty clothes chute connected to the laundry directly below. Simple. Features Heat lights in bathrooms Aircon ceiling fans in the living area Massive entertainment deck 180 water views Room for two cars boat and trailer under the house Curtains and fixtures included Polished timber floors throughout New electric hot water system Okay, lets talk about whats underneath this beautiful home. There is a lockable storage shed in one corner, and the rest can house two cars, a small caravan, and a boat. Yes, it is that big. It is legal height and can be used to build a workshop or motelstyle room with an ensuite for guests or maybe a teenage retreat. But wait, theres more. You wont have to sacrifice any of the garage space, either. The possibilities are endless as to how you utilise this gift of space. If you procrastinate, you will miss this opportunity. The first viewer will snap up this outstanding home in a heartbeat. The interior design is superb, but the icing on the cake is the impressive ocean views. Dont delay. Call Olivia NOW for an inspection. See you for Christmas dinner, LOL."
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Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Health Care and Social Assistance - 15.0%
Retail Trade - 14.0%
Construction - 10.0%
Education and Training - 10.0%
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
Asking Price
$559,950
Estimated Purchase Price
$590,000
Stamp Duty
$19,575
Transfer Fee
$1,952
Conveyancing
$1,665
Deposit (10%)
$59,000
Reg. Mortgage
$224
LMI Premium
$16,660
Renovation Costs
-
Total Cash/Equity Required
$99,626
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
$1,598
$2,085
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
$16,349
$23,892
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$18,697
-$11,154
Depreciation
-
-
Tax Offset
-$5,609
-$3,346
Net Cashflow After Tax
-$13,088
-$7,808
Assumptions
Year 1
Year 10
Property Value
6.8%
-
-
Loan Balance
I.O
$531,000
$531,000
-$531,000
-$531,000