$499K
$90,313
"Situated in the lovely coastal community of Gravelly Beach this 3 bedroom, wellmaintained sits on two titles, offering ample space while remaining easy to manage. Inside the home you have a generous sized lounge space, updated bathroom and a nice sized kitchendining, with plenty of pantry and cupboard spaces. While outside you will enjoy time both on the deck relaxing and in the above ground pool when the weather gets warm. You also have a lockup garage perfect for keeping the family tinkerer happy. The property is in a handy location, just a short stroll to the waterfront, cafes, fishing spots and the play groundpicnic area. This property truly is move in ready and just waiting for a new family to call it home. For your own private viewing, call Peter Lees Real Estate today. Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries. Boundary lines are indicative only."
Below are some similar properties in the area you may be interested in.
-
78.2%
$426K
5.7%
-$95,000
-$11,643
4.1%
2.8%
-13.3%
6.0%
Asking Price
$499,000
Estimated Purchase Price
$535,000
Stamp Duty
$19,735
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$53,500
Reg. Mortgage
$152
LMI Premium
$11,827
Renovation Costs
-
Total Cash/Equity Required
$87,844
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+8.8% PA
$1,922
$2,735
Rates
+3.0% PA
$1,572
$2,051
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$15,146
$22,123
Interest Repayments
$31,779
$31,779
Net Cashflow Before Tax
-$16,633
-$9,656
Depreciation
-
-
Tax Offset
-$4,990
-$2,897
Net Cashflow After Tax
-$11,643
-$6,759
Assumptions
Year 1
Year 10
Property Value
6.8%
$469,920
$849,504
Loan Balance
I.O
$481,500
$481,500
-$11,580
$368,004
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Education and Training - 14.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Days of Supply
Sold Price
Asking Price