$780K
$152,189
Confidence
High
High
$780,000
Medium
$650,000
Low
$540,000
Confidence
High
"Nestled perfectly behind a beautiful vegetated dune with a stunning ocean outlook is this fabulous Horrocks lifestyle property. Cleverly built into the limestone cliff over 5 terraced levels is this wonderful beach cottage with loads of extras. From the brickpaved parking area, you go up one level to the current owners spacious studio that could be used for a myriad of other purposes or converted to a granny flat if desired. This room is powered, insulated and has air conditioning running off the solar panels on the roof. This area also has a fabulous hidden fish cleaning station with a BBQ and massive rainwater tank that is used for drinking, main house hot water, studio and garden, ideal for this holiday village lifestyle. Up another level you will find a fabulous hidden garden seating area with power. There is also a set of stairs leading to a private deck and double doors into one of the bedrooms which also features its own private sitting area. The house is above this area with a massive front deck to drink in those fabulous Indian Ocean sunsets. The home has openplan living with beachystyle decor. The kitchen is solid timber and stainless steel. The master bedroom has air conditioning and a walkthrough robe with double doors to the rear paved backyard. The bathroom has stunning tiling with a fabulous Jarrah slab vanity top, a copper basin with a double shower, the laundry is also cleverly incorporated into this area. There is a separate backtowall toilet. The rear yard is over 2 levels and features paving, rainwater tank 2 x garden sheds, a chicken coup and a claw foot bath. The yard also boasts a bountiful vegie patch and edibles including mulberry, grapefruit, kaffir lime, olive, feijoa, paw paw and pomegranate to name a few. Northampton shire rates approximately 1,424 per annum Water rates approximately 229 per annum, scheme water connected, deep sewer not available Solar panels and solar hot water 2 rainwater tanks 3 garden sheds"
-
86.4%
-
-
-$230,000
-$26,631
2.4%
1.6%
-17.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$780,000
Estimated Purchase Price
$880,000
Stamp Duty
$36,436
Transfer Fee
$373
Conveyancing
$1,535
Deposit (10%)
$88,000
Reg. Mortgage
$203
LMI Premium
$25,092
Renovation Costs
-
Total Cash/Equity Required
$152,189
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+8.2% PA
$1,706
$2,428
Rates
+3.0% PA
$1,162
$1,516
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$14,227
$20,827
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$38,045
-$31,445
Depreciation
-
-
Tax Offset
-$11,413
-$9,434
Net Cashflow After Tax
-$26,631
-$22,012
Assumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$792,000
$792,000
-$97,800
$462,948
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 26.0%
Accommodation and Food Services - 17.0%
Retail Trade - 10.0%
Education and Training - 9.0%
Others - 38.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price