$940K
$154,505
Confidence
High
High
$1,000,000
Medium
$920,000
Low
$840,000
Confidence
Not Applicable
"Discover your slice of paradise on Phillip Island with this charming beachside retreat Nestled in the highly coveted Silverleaves area, this classic beach house offers the perfect blend of comfort, convenience, and coastal charm. Featuring 3 spacious bedrooms for ample accommodation, 2 bathrooms for added convenience, a Separate laundry area for practicality, Private backyard approx. 687m2 ideal for children and pets to play. Just a short 5minute stroll to the pristine shores of Silverleaves Beach. Conveniently located near the Silverleaves store where you can enjoy a Sunday morning brunch. Open living area with a brandnew kitchen, perfect for entertaining. Stay cozy with Koonara heating and enjoy yearround comfort with reverse cycle split system air conditioning. Dont miss out on this fantastic opportunity to own your dream beach house where you can walk to the cafes Restaurants along a beautiful sandy beach Whether youre seeking a holiday getaway or a permanent seaside retreat, this property ticks all the boxes. Contact Alex Scott Staff today on 5952 2633 to arrange a viewing and start living the beachside lifestyle youve always dreamed of Disclaimer Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence."
-
87.1%
-
-
$95,000
-$37,667
-
-
-24.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$940,000
Estimated Purchase Price
$825,000
Stamp Duty
$44,570
Transfer Fee
$2,036
Conveyancing
$1,196
Deposit (10%)
$82,500
Reg. Mortgage
$129
LMI Premium
$23,524
Renovation Costs
-
Total Cash/Equity Required
$154,505
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,540
$2,009
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
-$4,805
-$6,269
Interest Repayments
$49,005
$49,005
Net Cashflow Before Tax
-$53,810
-$55,274
Depreciation
-
-
Tax Offset
-$16,143
-$16,582
Net Cashflow After Tax
-$37,667
-$38,692
Assumptions
Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$742,500
$742,500
$240,060
$1,033,735
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2021 Population
Suburbs
Retail Trade - 14.0%
Health Care and Social Assistance - 14.0%
Accommodation and Food Services - 12.0%
Construction - 9.0%
Others - 51.0%
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