$730K
$137,646
"Positioned only a matter of minutes from picturesque Lauderdale beach, this 1970s brick home has been beautifully renovated throughout and now boasts a freeflowing floorplan and a modern coastal aesthetic. As you enter the home you are greeted with a palette of blonde timber floors, stone benchtops, exposed beams, and plantation shutters that set the tone for the extensive renovation and refurbishment. The accommodation is cosy and comfortable, and comprises a lightfilled interconnected living and kitchen area, three wellsized bedrooms, and a central main bathroom that is serviced by a gas hotwater system. Outdoors, the home sits on a spacious 668 square metre allotment that includes a combined garage and workshop, providing secure storage for small vehicles and beach essentials, a low maintenance yard, and an enormous deck area that is perfect for barbecues and entertaining with family and friends. Occupying a quiet and sunny position a short stroll away from Lauderdale Beach, and near a host of amenities, including Hill Street Grocer, bakery, restaurant, pharmacy, Foreshore Tavern and Lauderdale Primary School, this is the perfect place to call home."
Below are some similar properties in the area you may be interested in.
-
92.6%
$915K
3.3%
$65,000
-$20,322
3.2%
2.2%
-15.2%
6.0%
Asking Price
$730,000
Estimated Purchase Price
$785,000
Stamp Duty
$30,510
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$78,500
Reg. Mortgage
$152
LMI Premium
$22,383
Renovation Costs
-
Total Cash/Equity Required
$134,176
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+8.8% PA
$2,196
$3,126
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
$17,598
$25,659
Interest Repayments
$46,629
$46,629
Net Cashflow Before Tax
-$29,031
-$20,970
Depreciation
-
-
Tax Offset
-$8,709
-$6,291
Net Cashflow After Tax
-$20,322
-$14,679
Assumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$706,500
$706,500
$201,300
$934,586
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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