$600K
$112,649
"Located in the peaceful culdesac of Nerang Street, this delightful three bedroom brick home in the heart of Lauderdale offers an exceptional opportunity for families seeking a relaxed, beachside lifestyle. Just a short stroll from Lauderdale Beach, this property is perfectly positioned to provide the best of both worlds a serene, familyfriendly environment coupled with easy access to local amenities. Whether youre enjoying a morning coffee at a nearby caf, catching the bus to town, or taking the kids to the beach, everything you need is just moments away. The home itself is thoughtfully designed with family living in mind. All three bedrooms are generously sized and two come equipped with builtin wardrobes, offering ample storage space. The openplan kitchen and dining area provide a welcoming space for family meals and gatherings, with a convenient walkthrough to the lounge room. This space has a wood heater and glass sliding doors from the front entrance to further ensure that cosy atmosphere. The bathroom, complete with a separate toilet, is both functional and wellmaintained, catering to the needs of a busy household. Within the home there is also a linen and storage cupboard. Additional features of the property include a separate laundry room, a carport for sheltered parking, and an 8m x 4m garageworkshop. The workshop is a standout feature, making it an ideal space for yearround projects or hobbies. The location of the home, tucked away in a quiet culdesac, ensures a peaceful atmosphere, while the close proximity to the beach adds an extra layer of appeal, making this property a fantastic choice for firsttime homebuyers or those looking to settle in a tranquil, beachside community. This property is currently tenanted with long term tenants until the 12th January 2025. Key Features Prime location in a quiet Lauderdale culdesac Short walk to Lauderdale Beach, cafs, and bus services Three spacious bedrooms with builtin wardrobes Openplan kitchen and dining area with adjoining lounge Separate bathroom and toilet for family convenience Dedicated laundry room for added practicality Carport and garage The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information."
Below are some similar properties in the area you may be interested in.
1.3%
73.2%
$901K
4%
$265,000
-$11,181
4.7%
3.5%
-10.2%
6.0%
Asking Price
$600,000
Estimated Purchase Price
$645,000
Stamp Duty
$24,410
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$64,500
Reg. Mortgage
$152
LMI Premium
$18,391
Renovation Costs
-
Total Cash/Equity Required
$110,084
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,160
$42,927
Property Management
+8.8% PA
$2,654
$3,778
Rates
+3.0% PA
$1,966
$2,565
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
$22,340
$32,409
Interest Repayments
$38,313
$38,313
Net Cashflow Before Tax
-$15,973
-$5,904
Depreciation
-
-
Tax Offset
-$4,792
-$1,771
Net Cashflow After Tax
-$11,181
-$4,133
Assumptions
Year 1
Year 10
Property Value
6.8%
$971,880
$1,756,928
Loan Balance
I.O
$580,500
$580,500
$391,380
$1,176,428
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2021 Population
Suburbs
Retail Trade - 14.0%
Health Care and Social Assistance - 12.0%
Education and Training - 11.0%
Public Administration and Safety - 9.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price