$745K
$140,249
"Nestled in a private street within the picturesque coastal community of Primrose Sands, this contemporary home embodies the essence of beachside living. Perched in an elevated position, this spacious family residence offers breathtaking water views of Norfolk Bay and Frederick Henry Bay. Upon stepping indoors from the expansive front veranda, youll find a seamless blend of openplan living, connecting the loungeroom, kitchen, and dining area. The high ceilings and highlight windows enhance the sense of space and light. A central hallway leads to a generously sized master bedroom with its own ensuite and captivating views. Additionally, there are three more large bedrooms, a central family bathroom, and a convenient study nook in the accommodation wing. At the rear of the home, discover the laundry, an additional toilet, and a sheltered second entertaining space. On the ground floor, a spacious garage, workshop, and storage area provide ample room for vehicles, tools, and water sports equipment. With fully fenced grounds and lowmaintenance landscaping, this established property invites you to fully embrace the beach lifestyle, with swimming, kayaking, and fishing just moments away."
-
38.2%
$511K
4.3%
-$295,000
-$21,639
2.9%
2.1%
-15.8%
6.0%
Asking Price
$745,000
Estimated Purchase Price
$800,000
Stamp Duty
$31,185
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$80,000
Reg. Mortgage
$152
LMI Premium
$22,811
Renovation Costs
-
Total Cash/Equity Required
$136,778
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
Rates
+3.0% PA
$1,533
$2,000
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
$16,608
$24,199
Interest Repayments
$47,520
$47,520
Net Cashflow Before Tax
-$30,912
-$23,321
Depreciation
-
-
Tax Offset
-$9,274
-$6,996
Net Cashflow After Tax
-$21,639
-$16,325
Assumptions
Year 1
Year 10
Property Value
6.8%
$539,340
$974,998
Loan Balance
I.O
$720,000
$720,000
-$180,660
$254,998
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2016 Population
Suburbs
Retail Trade - 16.0%
Health Care and Social Assistance - 11.0%
Accommodation and Food Services - 10.0%
Manufacturing - 10.0%
Others - 53.0%
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