$1.1M
$219,848
Confidence
High
High
$1,050,000
Medium
$1,000,000
Low
$950,000
Confidence
Medium
"This property offers a unique opportunity to own an original Coldon beach home on the picturesque Silverleaves foreshore, just a few steps from the beach access track and not far from the Silverleaves Cafe. This charming home, preserved in its original state offers three Bedrooms with builtin robes and ample space for family and guests. Combined livingdining area, ideal for relaxation and gatherings. The kitchen has a traditional layout and electric cooking. Bathroom includes a shower over a hip bath and a vanity. Laundry has a wash trough and linen press and separate toilet. There a lovely sun deck accessed through a glass sliding door from the living area, perfect for enjoying the outdoors and the surrounding natural beauty. Situated on a generous elevated 728 sqm block approx., the property is enveloped by mature Banksia trees, providing a serene and private setting. Backing onto the coastal reserve, the property attracts a variety of native birds and is frequented by curious wallabies, enhancing the natural appeal of the location. Whether you choose to renovate, extend, or do a new build STCA this property offers the flexibility to create your dream beach home with easy access to Silverleaves renowned Northfacing bay beaches. Its prime location is a short walk to the Silverleaves General Store and a brief drive to Cowes shopping precinct, as well as all of Phillip Islands attractions. This is more than just a property its an opportunity to own a piece of history and a canvas for creating your ultimate beachside retreat. For more information please contact Teresa 0429 398 730 or Leanne 0437 441 127."
-
13.7%
-
-
$35,000
-$28,369
2.4%
1.7%
-15.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,100,000
Estimated Purchase Price
$965,000
Stamp Duty
$53,075
Transfer Fee
$2,364
Conveyancing
$1,196
Deposit (10%)
$96,500
Reg. Mortgage
$129
LMI Premium
$27,516
Renovation Costs
-
Total Cash/Equity Required
$181,329
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,793
$24,472
Interest Repayments
$57,321
$57,321
Net Cashflow Before Tax
-$40,528
-$32,849
Depreciation
-
-
Tax Offset
-$12,158
-$9,855
Net Cashflow After Tax
-$28,369
-$22,995
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$868,500
$868,500
$199,500
$1,062,190
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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