$775K
$146,322
"Positioned only a fiveminute walk from the picturesque Lauderdale beach, this beautifully renovated home offers the epitome of modern beachside living. Situated on a large, level parcel of land, the home is surrounded by lush green lawns and is a fantastic place to entertain. The quality of this renovation is immediately evident when you enter the home, with quality appliances and finishes throughout. The home features a neutral colour palette, where hardwood floors and crisp white walls are accented with warm tones and timber joinery to create a beautiful tonal beach feel. The accommodation comprises three comfortable bedrooms and a substantial main bathroom, featuring a freestanding bath and walkin shower. The beautifully appointed kitchen joins with an open plan living and dining area which spills out to the spacious deck and alfresco area, perfect for gatherings and entertaining. You are surrounded by beautiful lawns in the fully fenced yard, which provides a perfect space for children and pets to enjoy, as well as off street parking for several vehicles. Lauderdale offers an idyllic beachside lifestyle, with a host of popular cafes and restaurants, the everpopular hill street grocer, well regarded primary schools, and coastal walking tracks all at your doorstep."
Below are some similar properties in the area you may be interested in.
-
92.6%
$915K
3.3%
-$10,000
-$17,753
3.9%
2.9%
-12.4%
6.0%
Asking Price
$775,000
Estimated Purchase Price
$835,000
Stamp Duty
$32,760
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$83,500
Reg. Mortgage
$152
LMI Premium
$23,809
Renovation Costs
-
Total Cash/Equity Required
$142,851
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,240
$45,888
Property Management
+8.8% PA
$2,837
$4,038
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
$24,237
$35,109
Interest Repayments
$49,599
$49,599
Net Cashflow Before Tax
-$25,362
-$14,490
Depreciation
-
-
Tax Offset
-$7,609
-$4,347
Net Cashflow After Tax
-$17,753
-$10,143
Assumptions
Year 1
Year 10
Property Value
6.8%
$881,100
$1,592,819
Loan Balance
I.O
$751,500
$751,500
$129,600
$841,319
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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