$3.2M
$505,950
"Spoilt for views... this awardwinning residence nestles seamlessly into the stunning Cable Beach coastline. Set on a little over 3 hectares and just a 15minute drive north of Broome in the exclusive coastal enclave and exclusive community of Coconut Wells, this dualresidence Homeamongstthepalms is stunning, welcoming and a beautiful retreat, just waiting to be enjoyed. Arriving at the property, at the driveways main entrance youll discover a canopy of mature tropical trees to welcome you. Stroll up the paved path towards the entrance Portico and start to feel youve truly arrived somewhere very special. Through the double bifold doors and youll notice the Main Residence is enclosed by 3 meter wide, screened verandahs allowing the fresh ocean breezes to drift through the entire Home. Step into the Lounge, Dining and Salon in the encompassing wide verandahs and youll immediately feel how the outdoors comes inside and the two are seamlessly blended into one spacious, openplan Living Room and Entertaining Area. Through the arch and behind the Severy window Bar Counter, youll discover a fabulously appointed Chefs Kitchen with stainless steel and stone countertops and ample preparation, fridge freezer and butlerstyle storage area adjacently located. Down the hallway is the Master Suite with its resortstyle Spathroom and a generous walkin robe. A second, bright and airy Bedroom further down the hallway also has its own Bathroom and Verandah sitting area. The quality this property exudes continues through to the two Apartments built adjacent to the Main Residence and ideal for boutique guest accommodation, extended family accommodation or even private studios or workspaces. Each Apartment includes elegant ensuites and secluded balconies, all purposely designed to capture tranquil oceanfront sunset views and ocean breezes. If you are a couple looking for a magical lifestyle combined with an income, the two guest Apartments could potentially generate a combined rental income of around 100,000 pa. This together with the propertys endless opportunities for horticultural development is a potential open to be explored on all 8 wonderful acres. Set among the lush, tropical gardens and down a rock pathway, youll find a wonderful lagoonstyle Swimming Pool with a sunsetready infinity edge that has stunning, 180Vistas over Cable Beach and the Indian Ocean what a place to enjoy sunsets and cocktails on a daily basis But theres always more when discovering this amazing property how about your own small Mango Orchard, an established Boab Plantation, 2 Shade Houses, a Garden Nursery area and Raised Vegetable Gardens together with then ultimate rural property treat ... a six bay Garage Shed Workshop Shed to house all the toys and provide the handyperson a HobbyWorkplace to dream about. The whole Property is independently powered by a 15kva Hybrid Solar System with a backup Generator should it be needed. A Water Bore provides crystalclear drinking water drawn directly from the natural aquafer that courses below Coconut Wells. Literally minutes away from the Property you can explore Coconut Wells famed rockpools, go adrift in the tidal lagoon or stroll a section of the 21 kms of the renowned Cable Beach recently voted amongst Australias Best Beaches. A short beach buggy ride away is Willie Creek, a local fishing haven popular for Barramundi, Threadfin Salmon and the prized Mudcrabs further upstream in the mangroves. This property has something for everyone. Viewings only by prior appointment. For further information on this very special property contact Phil Oakden on 0427735419 or philhutchrealestate.com.au Digital furnishings have been used in some interior shots for the purposes of this presentation only. Estate size 3.3 hectares Shire Rates approx. 3126 2223"
-
55%
-
-
-$1,885,000
-$106,017
1.3%
0.9%
-19.3%
6.0%
Asking Price
$3,000,000
Estimated Purchase Price
$3,035,000
Stamp Duty
$147,418
Transfer Fee
$793
Conveyancing
$1,535
Deposit (10%)
$303,500
Reg. Mortgage
$203
LMI Premium
$94,966
Renovation Costs
-
Total Cash/Equity Required
$548,965
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+8.2% PA
$3,198
$4,552
Rates
+3.0% PA
$3,271
$4,268
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
$28,826
$41,855
Interest Repayments
$180,279
$180,279
Net Cashflow Before Tax
-$151,453
-$138,424
Depreciation
-
-
Tax Offset
-$45,436
-$41,527
Net Cashflow After Tax
-$106,017
-$96,897
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$2,731,500
$2,731,500
-$1,503,300
-$511,207
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2016 Population
Suburbs
Health Care and Social Assistance - 16.0%
Education and Training - 12.0%
Accommodation and Food Services - 11.0%
Retail Trade - 9.0%
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