259 Sandgate Road, Shortland NSW 2307, Australia
For Sale
$399,000
Designed by award winning Newcastle based architects, this unique development comprises only eight contemporary three bedroom townhouses each boasting light-filled open plan living, two bathrooms, a single lock up garage, rear entertaining and courtyard areas as well as visitors’ parking. Stylishly appointed with quality finishes throughout, these residences are scheduled for completion end of next year and are available to purchase off the plan now. As these homes are brand new they will be sought after by an array of buyers and investors looking for high occupancy, high yield rental properties.
Shortland is a long established area that has recently become the focus of investors and developers due to its close proximity to the university and a high demand for rental properties from students. This boutique development is located footsteps to the local shopping area and schools and only 15 minutes to Newcastle CBD and beaches.
Below is a snap-shot of the income and expenditure analysis for a property purchase of around $450,000. The investor would actually be in a cash-flow positive position (making around $40.00 per week) after Negative Gearing benefits are taken into consideration. The benefits will change based on your income, interest rates, loan term, depreciation, general property expenses and other market conditions.
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