$719K
$123,386
"This fabulous modern home in sought after coastal suburb of Golden Bay is stylish and ideal for families that needs space for each other and the pets. Large entrance hallway, high ceilings, led downlights and contemporary fresh neutral colour palette with quality decor. The floor plan flow throughout this family home is low maintenance, practical and impressive. The open plan area is the central heart of the home. Encompassing family, meals and kitchen area, this room is expansive, with high ceilings and filled with natural light. A wellappointed kitchen, equipped with stone bench tops and breakfast bar, 900mm gas cook top and electric oven, dishwasher recess, fridge recess and a double pantry. Games room is located at the rear of the home, an excellent breakaway room for relaxing and enjoying game nights with a glass sliding door out to the alfresco area. King size master bedroom with large walkin robe and a modern ensuite boasting a large dual rain head shower, double vanity with under bench storage and toilet. In the rear wing of home, you will find two king sized bedrooms both with quality tiled flooring and built in double mirror robes. They are conveniently located near the large laundry room and family bathroom, with glass shower, vanity with additional storage and toilet. Property features Games room Kitchen boasts stone benchtops, and views over the open plan area Laundry room with sliding door to outside linen storage Quality tile flooring throughout High ceilings and LED downlights Double garage with high clearance ceiling Ducted reverse cycle air conditioning Solar panels for economic power consumption Block 450sqm Living 161sqm Built 2022 Potential rental return 675 700week The open plan living seamless adjoins the alfresco area via a glass sliding door. The alfresco has caf blinds and it overlooks the enormous back yard which is currently a blank canvas. Close to the beach, schools, transport, and local cafes. Call the Opal Realty team for more information. Disclaimer This property description has been prepared for advertising and marketing purposes only. The information provided is believed to be reliable and accurate. Buyers are encouraged to make their own independent due diligence investigations enquiries and rely on their own personal judgement regarding the information provided. Opal Realty provide this information without any express or implied warranty as to its accuracy or currency."
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Asking Price
$749,000
Estimated Purchase Price
$750,000
Stamp Duty
$29,741
Transfer Fee
$353
Conveyancing
$1,535
Deposit (10%)
$75,000
Reg. Mortgage
$203
LMI Premium
$21,385
Renovation Costs
-
Total Cash/Equity Required
$128,767
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+8.2% PA
$2,217
$3,156
Rates
+3.0% PA
$1,611
$2,102
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
$19,507
$28,394
Interest Repayments
$44,550
$44,550
Net Cashflow Before Tax
-$25,043
-$16,156
Depreciation
-
-
Tax Offset
-$7,513
-$4,847
Net Cashflow After Tax
-$17,530
-$11,309
Assumptions
Year 1
Year 10
Property Value
6.8%
$790,320
$1,428,711
Loan Balance
I.O
$675,000
$675,000
$115,320
$753,711
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2021 Population
Suburbs
Retail Trade - 16.0%
Health Care and Social Assistance - 14.0%
Education and Training - 13.0%
Public Administration and Safety - 12.0%
Others - 45.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price