$690K
$128,739
"Calling all boating enthusiasts This is a once in a lifetime opportunity to buy and live in a sensational boat house. Directly opposite the famous Ninety Mile Beach is this stunning Paddle Steamer esque 2 storey design that must be seen to be believed. Downstairs is a wonderful open plan setup with large loungedining area with reverse cycle split system air conditioner, relaxing north facing sunroom, lovely kitchen with adjacent butlers pantrylaundry, 2 generous sized robed bedrooms, big central ocean themed family bathroom with glass vanity, plus beautiful Vic ash polished timber floorboards and storage under the stairs. Upstairs to the captains quarters you will find the huge master bedroom with walk in robe and ensuite that has direct access to the private balcony with foreshore views where you can sit back and relax, listen to the ocean sounds and even steer the ship New carpet added in April 2024 to stairwell, master bedroom and walk in robe. Outside is a fully enclosed outdoor living area with entertainers deck, large carport, workshop, studio, storage shed, 8 solar panel system, water tanks, established garden, crushed rock driveway and all enclosed in a private and secure allotment directly opposite the beach. Argh me hearties, cannons and all, this ship is anchored and going nowhere. Escape the hustle and bustle and sail away to the Honeysuckles. Sail away, sail away, sail away...."
Below are some similar properties in the area you may be interested in.
-
87.4%
$520K
4%
-$250,000
-$18,723
3.0%
2.1%
-14.5%
6.0%
Asking Price
$690,000
Estimated Purchase Price
$690,000
Stamp Duty
$36,470
Transfer Fee
$1,720
Conveyancing
$1,196
Deposit (10%)
$69,000
Reg. Mortgage
$129
LMI Premium
$19,675
Renovation Costs
-
Total Cash/Equity Required
$128,739
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,695
$2,212
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
$14,238
$20,854
Interest Repayments
$40,986
$40,986
Net Cashflow Before Tax
-$26,748
-$20,132
Depreciation
-
-
Tax Offset
-$8,024
-$6,040
Net Cashflow After Tax
-$18,723
-$14,093
Assumptions
Year 1
Year 10
Property Value
6.8%
$469,920
$849,504
Loan Balance
I.O
$621,000
$621,000
-$151,080
$228,504
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price