Withheld
$264,176
"Rarely do properties on Point Nepean Road present themselves with fabulous two street frontage providing endless opportunities for further capital improvement. Sitting high above Shelley Beach only a few minutes walk to one of the peninsulas most popular family beaches, this solid brick four bedroom beach house on private north facing garden allotment of 1,562 sqm approx offers a wonderful longterm investment located amongst some of the areas finest homes. Adjoining Moreton Street Private Road this property offers many flexible options for further improvement, including renovation, subdivision or a spectacular new home site. STCA. Beautifully presented and offering a relaxed classic beach house feel, the floor plan provides excellent bedroom separation over two levels and open plan living dining with seamless access to sun filled gardens and lawns ideal for outdoor entertaining on a large scale. This superb allotment offers excellent off street parking and ample room for pool or further additions. Proudly marketed by the team at Peninsula Sothebys International Realty"
Below are some similar properties in the area you may be interested in.
-
96.5%
$4.5M
1%
$60,000
-$30,861
3.4%
2.8%
-11.7%
6.0%
Asking Price
-
Estimated Purchase Price
$1,390,000
Stamp Duty
$76,450
Transfer Fee
$3,358
Conveyancing
$1,196
Deposit (10%)
$139,000
Reg. Mortgage
$129
LMI Premium
$43,494
Renovation Costs
-
Total Cash/Equity Required
$264,176
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$46,800
$66,611
Property Management
+7.7% PA
$3,604
$5,129
Rates
+3.0% PA
$1,452
$1,895
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
$38,479
$55,327
Interest Repayments
$82,566
$82,566
Net Cashflow Before Tax
-$44,087
-$27,239
Depreciation
-
-
Tax Offset
-$13,226
-$8,172
Net Cashflow After Tax
-$30,861
-$19,067
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,548,600
$2,799,500
Loan Balance
I.O
$1,251,000
$1,251,000
$297,600
$1,548,500
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Retail Trade - 14.0%
Health Care and Social Assistance - 14.0%
Construction - 11.0%
Accommodation and Food Services - 10.0%
Others - 51.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply