Withheld
$223,305
"This residence offers expansive interiors with an abundant natural light. Step inside through the front entrance to be greeted by soaring ceilings and one of three living spaces, featuring an additional cozy Coffee Lounge. The homes layout and seamless flow evoke a remarkable sense of spaciousness while retaining a welcoming atmosphere. Journey further to discover the openplan kitchen, dining, and living area seamlessly connecting to the covered outdoor space, blurring the lines between indoor and outdoor living. The ultimate indulgence awaits outside where you can entertain guests with a barbecue and soak in the Spa, creating a vacationlike ambiance of home away from home. Ascend to the upper level and encounter a generously proportioned family room adjoining three meticulously maintained bedrooms, each featuring a builtin wardrobe, ample space, and abundant natural light, establishing a serene sanctuary for rejuvenation and repose. The separate toilet enhances the spaciousness of the main bathroom, adorned with floortoceiling tiles and a luxurious deep bathtub. Head towards the front of the residence and be amazed by the spaciousness of the fully equipped master bedroom, complete with a walkin closet and private ensuite. Step out onto your balcony and revel in the scenic views of the nearby water and wetlands. Its the ideal spot to unwind after a busy day, allowing you to relax and soak in the stunning sunset vistas. Beyond the physical attributes, owning a property with milliondollar water views offers more than just a beautiful place to liveits also an investment in lifestyle and prestige. Its about indulging in the finer things, embracing a sense of serenity and escape, and enjoying the natural beauty that surrounds you every day. Nestled within the latest enclave of Newports waterfront community, discover an ideal blend of convenience and tranquillity on Altona Street with the sea breezes and the sounds of the bird life from the wetlands. Merely a brief drive along Lakeview Promenade leads to the vibrant Newport Marketplace shopping hub, boasting an array of eateries, cafes and upscale boutique shops. This is your chance to secure yourself a home in what is quickly becoming the peninsulas fastest growing suburb. Dont miss the opportunity to own this stunning familyfriendly home. Call Jay Michelle Peters on 0404 999 593 to schedule your viewing. Features include Spacious two storey construction with a floor area of 310m2 4 Generous sized bedrooms, 2.5 Bathrooms, with a 3rd separate toilet on ground floor. Multi zoned ducted air conditioning. 3 Living Areas plus Coffee Lounge with high ceilings. Prime Position in the Newport Estate with water views of wetlands. Open Plan KitchenLivingDining with island bench and walk in Pantry. Outdoor Spa w BBQ area creating a feeling of home away from home No mowing, Low maintenance block with AstroTurf Lawns. Portable family sized hydrotherapy spa. Investors 7 8 gross rental return on investment with a rental income of 2,000week via AIRBNB. Full time rental income on a standard 612 month lease, up to 950 per week. Disclaimer In preparing this advertisement we have endeavoured to ensure the information contained is true and accurate. We accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement."
Below are some similar properties in the area you may be interested in.
-
75.7%
-
-
$20,000
-$32,600
3.0%
2.4%
-13.9%
6.0%
Asking Price
-
Estimated Purchase Price
$1,310,000
Stamp Duty
$55,850
Transfer Fee
$4,985
Conveyancing
$1,665
Deposit (10%)
$131,000
Reg. Mortgage
$224
LMI Premium
$40,593
Renovation Costs
-
Total Cash/Equity Required
$234,868
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,103
$1,439
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
$31,243
$45,032
Interest Repayments
$77,814
$77,814
Net Cashflow Before Tax
-$46,571
-$32,782
Depreciation
-
-
Tax Offset
-$13,971
-$9,835
Net Cashflow After Tax
-$32,600
-$22,947
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,420,440
$2,567,818
Loan Balance
I.O
$1,179,000
$1,179,000
$241,440
$1,388,818
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%
Education and Training - 11.0%
Construction - 10.0%
Others - 50.0%
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