$445K
$68,914
Confidence
Medium
High
$440,000
Medium
$380,000
Low
$320,000
Confidence
Low
"Here is a location that embraces a coastal lifestyle Instantly inviting with its sunwashed interiors and peaceful position at the front of the block, this property perfectly combines easycare attributes with a sophisticated and a costal way of living. Situated in the seaside town of Lulworth, this attractive property integrates the serenity of being out of the hustle and bustle with the convenience of having everything only a short commute away including local shopping centre, cafes, schools and transport routes. No expense has been spared with the addition of the large outdoor entertainment area designed to maximise all day sun and the stunning views this property has on offer. The calibre of the rear building could be used as a myriad of ways including a mancave, teenagers retreat, rumpus room with an extra bedroom or you could simply use it as a AirBnB. Main Residence includes 2 bedrooms, 1 bathroom Rumpus room with extra bedroom, toilet kitchenette Open Plan coastal living with all day sun Separate laundry Large entertaining deck to maximise water views Only a 5 minute walk to the local beach Drive your boat caravan straight onto the property in a private secure position Option to purchase this property fully furnished Land Size 713m2 approx Building Size 101m2 approx Year Built 1993 approx Local Council George Town Council Rental Estimate 400 per week Council Rates 1,200p.a approx. Roberts Real Estate have obtained all information in this document from sources considered to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Please note, photos are indicative of the property only."
-
86.5%
$600K
3%
-$55,000
-$9,031
4.5%
3.0%
-12.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$449,000
Estimated Purchase Price
$435,000
Stamp Duty
$15,485
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$43,500
Reg. Mortgage
$152
LMI Premium
$9,616
Renovation Costs
-
Total Cash/Equity Required
$71,384
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+8.8% PA
$1,739
$2,475
Rates
+3.0% PA
$1,883
$2,457
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
$12,938
$19,018
Interest Repayments
$25,839
$25,839
Net Cashflow Before Tax
-$12,901
-$6,821
Depreciation
-
-
Tax Offset
-$3,870
-$2,046
Net Cashflow After Tax
-$9,031
-$4,775
Assumptions
Year 1
Year 10
Property Value
6.8%
$405,840
$733,662
Loan Balance
I.O
$391,500
$391,500
$14,340
$342,162
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2021 Population
Suburbs
Manufacturing - 39.0%
Education and Training - 7.0%
Transport, Postal and Warehousing - 6.0%
Agriculture, Forestry and Fishing - 6.0%
Others - 42.0%
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