$800K
$161,184
"Sitting proudly on a gently sloping block of approx. 654m2, this much loved beach house is filled with natural light and takes in views over the township to Shallow Inlet and the distant hinterland. The open plan living room is comfortable yearround with RCAC and doors to the deck that can be opened to catch the breeze in the warm months. Kitchen with breakfast bar to meals area. Three bedrooms, central bathroom, separate w.c. and laundry. Well maintained, the property has recently been repainted and the roof and insulation replaced. Hardwood flooring is in place under the existing carpet. Low maintenance block with a fringe of native vegetation to attract birds and wildlife. A flat section near the road houses a large LU garage workshop boat shed and enables parking multiple cars. Bore and tank water. Being sold furnished and ready for a new owner to make happy memories."
Below are some similar properties in the area you may be interested in.
-
93.8%
-
-
-$310,000
-$27,023
2.2%
1.4%
-16.8%
6.0%
Asking Price
$800,000
Estimated Purchase Price
$860,000
Stamp Duty
$46,670
Transfer Fee
$2,118
Conveyancing
$1,196
Deposit (10%)
$86,000
Reg. Mortgage
$129
LMI Premium
$24,522
Renovation Costs
-
Total Cash/Equity Required
$161,184
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,240
$27,385
Property Management
+7.7% PA
$1,481
$2,109
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
$12,480
$18,388
Interest Repayments
$51,084
$51,084
Net Cashflow Before Tax
-$38,604
-$32,696
Depreciation
-
-
Tax Offset
-$11,581
-$9,809
Net Cashflow After Tax
-$27,023
-$22,887
Assumptions
Year 1
Year 10
Property Value
6.8%
$587,400
$1,061,879
Loan Balance
I.O
$774,000
$774,000
-$186,600
$287,879
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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