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CAN YOU AFFORD NOT TO BUY THIS?

Priced at just $429 000 this brick and tile master built duplex offers 2 x 2 bedroom villas on a lovely elevated 800 m2 block. If you are looking to invest, this is an ideal situation where the risk is reduced by having income from 2 sources instead of one (in the case of a single dwelling) and it’s a well maintained established block with no work required.
For just $140 per week this could be yours.

Assuming – Paying $429 000 for the property. After paying a 10 % deposit and adding Stamp duty of $15,116 to purchase price. Total to borrow $401,216. An interest rate of 5.5 % payments made weekly and loan term 25 years. Outgoings included are Rates at $ 494.00 per quarter . Insurance of $855.80 per annum. Water Rates of $268.78 per per third. With a rent of $250 each villa per week. These figures have not included anything for depreciation.

Purchase $429 000
10% Deposit $42 900
Stamp Duty on $429,000 = $15,116
Total Purchase price $401,216
Mortgage Payment = $569 per week
Plus Outgoings of $69.96 say $70 per week
All based on above assumptions

= Out of pocket $140 per week from buyer.

112 Mathieson Street, Cessnock

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Contact Agent

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Description
CAN YOU AFFORD NOT TO BUY THIS?

Priced at just $429 000 this brick and tile master built duplex offers 2 x 2 bedroom villas on a lovely elevated 800 m2 block. If you are looking to invest, this is an ideal situation where the risk is reduced by having income from 2 sources instead of one (in the case of a single dwelling) and it’s a well maintained established block with no work required.
For just $140 per week this could be yours.

Assuming – Paying $429 000 for the property. After paying a 10 % deposit and adding Stamp duty of $15,116 to purchase price. Total to borrow $401,216. An interest rate of 5.5 % payments made weekly and loan term 25 years. Outgoings included are Rates at $ 494.00 per quarter . Insurance of $855.80 per annum. Water Rates of $268.78 per per third. With a rent of $250 each villa per week. These figures have not included anything for depreciation.

Purchase $429 000
10% Deposit $42 900
Stamp Duty on $429,000 = $15,116
Total Purchase price $401,216
Mortgage Payment = $569 per week
Plus Outgoings of $69.96 say $70 per week
All based on above assumptions

= Out of pocket $140 per week from buyer.

Agent Details
Rachael Brecht

Director - Residential & Commercial Sales

mobile0409 327 331

office(02) 4991 4000

emailemail me

Agency Details
Jurd's Real Estate

location

Shop 3, 115 Vincent Street Cessnock NSW 2325

phone

(02) 4991 4000

fax

(02) 4991 4900

Key Details
property ID 197967
land size 785m2
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