$799K
$130,648
"This wonderful property is truly one of a kind in our area, and features not only some lovely architectural elements, but an ideal location also. Set on a fully fenced corner allotment of approximately 721sqm, the home enjoys views over treetops and farmland across to the dunes. Downstairs features 2 great sized bedrooms with builtin robes, a large airy loungeroom, light and bright kitchen, plus a family bathroom with bath.There is plenty of decking on this level, including a very convenient entertainers deck off the kitchen. A private outdoor shower completes this area nicely. Upstairs you will find the ultimate parents retreat, with a huge lounge area, master bedroom nook, plenty of storage, and a kitchenette neatly tucked away in a cupboard. There is also a full ensuite with spa bath, decking to two sides, a crackling wood fire, and a wonderful separate office4th bedroom with builtin cabinetry, so working from home down by the beach could soon become your favourite passtime An inspection of this home will certainly impress. Call or email us for more information."
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-$160,000
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Asking Price
$799,000
Estimated Purchase Price
$700,000
Stamp Duty
$37,070
Transfer Fee
$1,744
Conveyancing
$1,196
Deposit (10%)
$70,000
Reg. Mortgage
$129
LMI Premium
$19,960
Renovation Costs
-
Total Cash/Equity Required
$130,648
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$11,520
$17,022
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$30,060
-$24,558
Depreciation
-
-
Tax Offset
-$9,018
-$7,367
Net Cashflow After Tax
-$21,042
-$17,191
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$630,000
$630,000
-$53,280
$412,573
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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