$520K
$80,973
"This spacious and wellmaintained 3bedroom, 1bathroom home is situated in a lovely quiet pocket of Venus Bay. Located on a sealed road and just a short walk to Fishermans Jetty, this property offers the perfect coastal lifestyle. With its close proximity to local reserves and a short drive to Andersons Inlet Beach, youll have endless opportunities to explore and enjoy the natural beauty of the area. Inside, youll find a bigger than average home with great sized bedrooms and a recently updated kitchen. The bathroom features a separate bath, perfect for relaxing after a long day. The home also boasts an enclosed sunroom, providing additional living space for the whole family to enjoy. Outside, the property offers a concrete driveway and paths, along with a lockup garage and garden shed for all your storage needs. The lovely easytomaintain gardens are fully fenced, making it the ideal home for those with pets. With split system heating and cooling in the main bedroom, youll be comfortable all year round. Whether youre looking for a permanent residence or a holiday home, this property ticks all the boxes. Dont miss out on the opportunity to own this great family home in Venus Bay. Contact us today to arrange an inspection and secure your piece of coastal paradise."
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$60,000
-$10,215
4.3%
2.9%
-11.9%
6.0%
Asking Price
$520,000
Estimated Purchase Price
$480,000
Stamp Duty
$23,870
Transfer Fee
$1,229
Conveyancing
$1,196
Deposit (10%)
$48,000
Reg. Mortgage
$129
LMI Premium
$10,611
Renovation Costs
-
Total Cash/Equity Required
$85,584
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$2,014
$2,628
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$13,919
$20,437
Interest Repayments
$28,512
$28,512
Net Cashflow Before Tax
-$14,593
-$8,075
Depreciation
-
-
Tax Offset
-$4,378
-$2,422
Net Cashflow After Tax
-$10,215
-$5,652
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$432,000
$432,000
$144,720
$610,573
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
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