$599K
$109,407
"THIS PROPERTY WILL CAPTIVATE YOUR HEART AND SOUL Originally built in 1975, this substantial home has been lovingly restored To Enhance Its Original Spanish Style, and is the perfect combination of unique style and modern day living, brought together as one, with WOW factor overload From the moment you enter the exquisite arched walkway to the front door, you will be enchanted Fully renovated, this house features the following DOWNSTAIRS Double Storey height foyer entry featuring a massive 18 light Wrought Iron Chandelier Fully Air Conditioned Open plan diningliving area, with servery through to the kitchen The main lounge features soaring ceilings with exposed beams, enhanced by rustic wrought iron chandeliers, an open fire place, new high end vinyl flooring, and French doors opening out to a gorgeous porcelain tiled courtyard. A Brand New Kitchen, featuring up market Stainless Steel Appliances, including a gas cooktopelectric oven, dishwasher and pantry. The kitchen flows through to an Air conditioned second lounge area, perfect as a TV room or rumpus room for the children. Separate Laundry with door to the garage and backyard Single Lock Up Garage Fourth BedroomOfficeTeenage retreat with its own separate entry to the house Brand new Two way bathroom UPSTAIRS Air Conditioned Master suite, featuring a walk in robe, French doors opening out to a private balcony, and brand new Ensuite Two additional spacious bedrooms with ceiling fans Brand New Main Bathroom Brand new fourth Bath House , exquisitely styled with a large soaking bath throw open the gorgeous French doors and soak up the peace and tranquility this ambient escape provides BACKYARD Private and fully fenced A large Pergola for alfresco entertaining flowing from the kitchen level Spacious grassed area, safe and secure for children and pets to play also ideal space for a pool or spa FRONT OF THE HOUSE Gorgeous original wrought iron gates provide secure space for 3 additional cars, caravan, trailer or boat Fully fenced front yard with pedestrian entry gate Driveway up to the gates also provides extra off street parking The location of this property is unsurpassed Conveniently situated only 1 minutes drive to Gladstone Hospital, 2 minutes drive to Kin Kora Shopping Mall, Sporting grounds, Schools, and all amenities and only 5 minutes drive to Gladstone Airport. And.... there is a dog park at the end of the Street This homes position and individual unique style brings it into a class by itself, and will not last long on the market It ticks all the boxes INVESTORS You can expect high returns upward of 600pw for this property, and high capital gain from this region, which has been marked The Energy Capital of Australia. For Further information or to book a private inspection, CALL ME NOW"
5%
53.2%
$305K
6.8%
-$275,000
-$18,011
3.2%
2.1%
-15.7%
6.0%
Asking Price
$599,000
Estimated Purchase Price
$675,000
Stamp Duty
$23,400
Transfer Fee
$2,331
Conveyancing
$1,665
Deposit (10%)
$67,500
Reg. Mortgage
$224
LMI Premium
$19,060
Renovation Costs
-
Total Cash/Equity Required
$114,730
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$2,142
$2,795
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
$14,365
$21,133
Interest Repayments
$40,095
$40,095
Net Cashflow Before Tax
-$25,730
-$18,962
Depreciation
-
-
Tax Offset
-$7,719
-$5,689
Net Cashflow After Tax
-$18,011
-$13,273
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$607,500
$607,500
-$180,300
$164,776
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewBelow are some similar properties in the area you may be interested in.
Location, 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.
2016 Population
Suburbs
Manufacturing - 14.0%
Retail Trade - 10.0%
Construction - 10.0%
Transport, Postal and Warehousing - 8.0%
Others - 58.0%
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