$1.59M
$318,458
"This architecturally designed luxury trilevel home is centrally located and has been designed to take in the stunning views of Wilsons Prom, Shallow Inlet and Waratah Bay. A short 2minute walk to the beautiful beach and Surf Club. This home is a real feature of the Sandy Point landscape and will be the envy of all your family and friends. The open plan kitchen, living and dining area is located on the first floor. The lightfilled space boasts reclaimed tassie oak hardwood floorboards, raked ceiling, wood heater and RCAC, large windows and sliding doors opening onto the spacious north facing deck and veranda. The customised timber kitchen, with handmade ceramic tiles, pendants and cabinet handles individually made by the current owner includes an island bench, large pantry, soft close cabinets and drawers, ample space on the stone benchtops, a 900mm SMEG standalone cooker with 5burner stove top and a farmhouse sink. The dining space, with windows that overlook the veranda, surrounded by trees and views to Wilsons Prom, has room for an 8seater dining table, and includes builtin bench seat with storage. The home office, 2 bedrooms and the central bathroom are also located on the first floor. Both bedrooms have BIRs, plush wool carpet and sliding doors opening onto the veranda which offer views across Sandy Point to Shallow Inlet and Wilsons Prom. The generous central bathroom has a large walkin shower, bath, vanity and toilet. The upper level is a dedicated private spacious master suite featuring raked ceiling, plush wool carpet, RCAC, BIRs, and views towards Shallow Inlet, Wilsons Prom and the ocean at Waratah Bay. The ensuite has a large walkin shower, vanity, toilet with high set north facing windows. The lower level includes a versatile rumpus room, separate living area or fourth bedroom with polished concrete floor currently used as a pottery studio and sliding door access to the low maintenance rear yard. The remainder of the lower level provides a European laundry, under stair storage space and direct access to the single car garage. In addition to using sustainable floorboards and locallysourced reclaimed red bricks this environmentallyfriendly home has an impressive 12kW solar system, a battery system which can provide backup power during outages, 42,000L rainwater storage tanks, and a septic grey water system. This unique and stylish home is less than 2 years old and offers an opportunity to secure a permanent home or a luxury holiday home. Contact our office to arrange a private inspection. This home is owneroccupied and occasionally leased on a short termholiday basis providing excellent rental income. Inspections must be prebooked with adequate notice given to accommodate guest bookings."
Below are some similar properties in the area you may be interested in.
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93.8%
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-$665,000
-$58,399
1.3%
0.9%
-18.6%
6.0%
Asking Price
$1,585,000
Estimated Purchase Price
$1,655,000
Stamp Duty
$91,025
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$165,500
Reg. Mortgage
$129
LMI Premium
$51,786
Renovation Costs
-
Total Cash/Equity Required
$313,801
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$14,879
$21,804
Interest Repayments
$98,307
$98,307
Net Cashflow Before Tax
-$83,428
-$76,503
Depreciation
-
-
Tax Offset
-$25,028
-$22,951
Net Cashflow After Tax
-$58,399
-$53,552
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,057,320
$1,911,383
Loan Balance
I.O
$1,489,500
$1,489,500
-$432,180
$421,883
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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