$850K
$171,681
"Enjoying a coveted location adjoining the coastal reserve, a short stroll from the Ned Neales lookout and dog friendly beach, this neatly maintained beach house has been cherished by the current family since being built. Set on a delightful flat block of approx. 633m2, fenced at the front with flat parking for multiple cars, boats, vans, tents or games of cricket. Solid construction with open plan living area, featuring RCAC and open fireplace for year round comfort and opening to a covered outdoor entertaining space. Well appointed central kitchen with meals area. Three bedrooms super sized master is semi ensuite to the large central family bathroom and laundry. Outdoor shower. Carport and LU shed for bikes and boards. Private garden setting with manicured lawns, established shade trees and multiple outdoor sitting spaces. Ready for new owners to make a lifetime of happy memories."
Below are some similar properties in the area you may be interested in.
-
93.8%
-
-
-$405,000
-$26,622
2.6%
1.8%
-15.5%
6.0%
Asking Price
$850,000
Estimated Purchase Price
$915,000
Stamp Duty
$49,970
Transfer Fee
$2,247
Conveyancing
$1,196
Deposit (10%)
$91,500
Reg. Mortgage
$129
LMI Premium
$26,090
Renovation Costs
-
Total Cash/Equity Required
$171,681
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
$54,351
$54,351
Net Cashflow Before Tax
-$38,032
-$30,498
Depreciation
-
-
Tax Offset
-$11,410
-$9,149
Net Cashflow After Tax
-$26,622
-$21,349
Assumptions
Year 1
Year 10
Property Value
6.8%
$544,680
$984,652
Loan Balance
I.O
$823,500
$823,500
-$278,820
$161,152
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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