Withheld
$133,342
"Positioned on a 216m2 low maintenance allotment within one of Nerangs most desirable and leafy locations this charming 3 bed study brick and tile cottage is perfectly suited to first home buyers, young families and those looking to downsize, whilst equally appealing to the very astute investor. Meticulously maintained a spacious and light filled open plan living dining area comprises neutral dcor complimented by quality slate floor tiles and is nicely served by a wellequipped kitchen offering plenty of cupboard space plus breakfast bar. Leading to an expansive undercover alfresco area sprawling the full length of the house and boasting new timber fencing is perfect for barbequing or entertaining family and friends. The main bathroom suite comprises vanity, bath and separate shower and serves 3 double bedrooms all featuring built in robes and ceiling fans, whilst beds 1 2 boast AC comfort. A 4th bedroom or study provide further options and make this combination of lifestyle and convenience a must to inspect. Enviable features include Charming and spacious 3 bedroom study low set brick and tile cottage Light filled open plan living dining featuring neutral dcor and slate floor tiles Wellequipped kitchen comprising plenty of cupboard space plus breakfast bar Expansive undercover alfresco area boasting new timber fencing 3 double bedrooms all comprise BIR and ceiling fans 4th bedroom or study provide further options Incl. home business 3 x split system AC units plus wood fire log burner Flat useable low maintenance 216m2 Allotment 2 car carport plus room for additional vehicles Separate laundry plus garden shed Nestled on a low maintenance 216m2 allotment in one of Nerangs most desirable locations, The position of this property offers convenience to all, with only a short drive to Nerang Mall, as well as within close proximity to both Silkwood School St Bridgids Primary School, plenty of public transport at your fingertips and quick access to the M1 North and South. This quality combination of home, land and lifestyle make this an absolute must to inspect. Secure your families future in one smart move and call Stephen today. Disclaimer 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."
4.5%
87.1%
$900K
5.5%
$775,000
+
190.7%
142.9%
314.8%
6.0%
Asking Price
$14,000
Estimated Purchase Price
$15,000
Stamp Duty
$150
Transfer Fee
$224
Conveyancing
$1,665
Deposit (10%)
$1,500
Reg. Mortgage
$224
LMI Premium
$254
Renovation Costs
-
Total Cash/Equity Required
$4,567
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
$1,318
$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
$21,429
$31,089
Interest Repayments
$891
$891
Net Cashflow Before Tax
$20,538
$30,198
Depreciation
-
-
Tax Offset
$6,161
$9,059
Net Cashflow After Tax
$14,376
$21,139
Assumptions
Year 1
Year 10
Property Value
6.8%
$843,720
$1,525,245
Loan Balance
I.O
$13,500
$13,500
$830,220
$1,511,745
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price