$1.1M
$225,507
"Craftsman built over several levels, this character filled home combines the best of seaside living amidst a treed setting. Set on approx. 639m2, with room for the largest of families or perfect for full time use. Upstairs the soaring timber lined ceiling creates a wonderful feeling of space with the living room opening out to a treetop height deck for sheltered alfresco entertaining. A central wood heater makes for year round comfort coupled with ceiling fans for capturing the sea breezes. The well appointed timber kitchen offers abundant storage, preparation space and servery to adjoining dining area. Master bedroom upstairs plus study or 5th bedroom and a large family bathroom with separate loo. Downstairs features a central family room, two fitted bedrooms plus bunk or games room with built in storage, another large bathroom and laundry utility room. Outside, the grounds are low maintenance with a fenced dog area, flat front parking and LU shed for bikes boards or a small boat. Tank water. Just 6 minutes walk to the surf beach or 5 minutes bicycle to the Inlet trail. Relax, refresh, revitalise in this picturesque coastal location where you can always find a deserted stretch of coastline to enjoy."
Below are some similar properties in the area you may be interested in.
-
93.8%
-
-
-$685,000
-$37,849
2.0%
1.4%
-16.8%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$1,185,000
Stamp Duty
$65,175
Transfer Fee
$2,879
Conveyancing
$1,196
Deposit (10%)
$118,500
Reg. Mortgage
$129
LMI Premium
$37,079
Renovation Costs
-
Total Cash/Equity Required
$225,507
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
$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
$16,319
$23,853
Interest Repayments
$70,389
$70,389
Net Cashflow Before Tax
-$54,070
-$46,536
Depreciation
-
-
Tax Offset
-$16,221
-$13,961
Net Cashflow After Tax
-$37,849
-$32,575
Assumptions
Year 1
Year 10
Property Value
6.8%
$534,000
$965,345
Loan Balance
I.O
$1,066,500
$1,066,500
-$532,500
-$101,155
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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