Withheld
$281,116
"Located in the highly soughtafter Cassowary Drive, this 4bedroom, 2bathroom residence with untapped potential. With its East to water outlook, the property offers a captivating lifestyle that blends nature with convenience. Set on a generous 840m2 block, with 20m2 water frontage, this home is perfectly positioned within one of the Gold Coasts most desirable neighborhoods. Upon entry, youre welcomed into openplan living and dining spaces that radiate warmth and natural light. A separate family room offers extra flexibility, making it ideal for growing families or those who love to entertain. The wellappointed kitchen, with its generous storage and counter space, looks out over the backyard and sparkling inground saltwater poolperfect for embracing an indooroutdoor lifestyle. Designed for functional family living, the home features multiple living zones that balance privacy with communal connection. The master bedroom, a tranquil retreat, boasts stunning water views and a serene garden outlook, with a renovated ensuite boosting neutral colours and walkin shower. This home is thoughtfully designed to meet the demands of family living. Each bedroom includes builtin wardrobes, providing plenty of storage for all your familys essentials Step outside to discover your own private paradise The secure backyard features an inground pool, perfect for entertaining friends and family during those sunny days. The covered outdoor entertaining area featuring ceiling fans provide the ideal setting for alfresco dining or relaxing relaxation. This home is designed with sustainability in mind, with solar panels and a water tank to help reduce your environmental footprint while saving on utility bills. With a remotecontrolled garage and large driveway that accommodates up to four vehicles, youll never have to worry about parking again. Key Features Massive 840m2 block with 20m2 water frontage 4 Spacious bedrooms filled with natural light Master bedroom with ensuite and water views 2 Bathrooms, including renovated master ensuite Openplan living and dining area, plus a separate family room Wellequipped kitchen with views over the pool and outdoor spaces 2 Split system air conditioners Laundry with direct access to the clothesline Double garage plus storage 2 Water tanks , 12 Solar Panels Outdoor alfresco area, perfect for family gatherings Garden Shed Fully secure property, ideal for children and pets Sparkling inground Saltwater pool set within a water view, private garden Schools Zoned for Caningeraba State School Zoned for Miami State High School Dont miss this opportunity to live in this highly soughtafter areathis property must sell This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. denotes approximate measurements"
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86.7%
$1.43M
3.3%
$25,000
-$30,970
3.7%
3.1%
-11.0%
6.0%
Asking Price
-
Estimated Purchase Price
$1,550,000
Stamp Duty
$69,650
Transfer Fee
$5,996
Conveyancing
$1,665
Deposit (10%)
$155,000
Reg. Mortgage
$224
LMI Premium
$48,030
Renovation Costs
-
Total Cash/Equity Required
$281,116
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$57,200
$81,413
Property Management
+7.7% PA
$4,404
$6,269
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
$47,827
$68,661
Interest Repayments
$92,070
$92,070
Net Cashflow Before Tax
-$44,243
-$23,409
Depreciation
-
-
Tax Offset
-$13,273
-$7,023
Net Cashflow After Tax
-$30,970
-$16,386
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,682,100
$3,040,837
Loan Balance
I.O
$1,395,000
$1,395,000
$287,100
$1,645,837
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