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Inspection times

This property can be inspected by contacting Leo Della Grotta.

Location and facilities

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Petrol Stations

Cnr Hanbury and Braye Street, Mayfield

House
Land area 1000m2
Bedrooms 7
Bathrooms 5
Car spaces 1

$1,000,000


Watch this Listing

DEVELOPMENT SITE WITH CURRENT RENT RETURN

Earn while you plan! Opposite Waratah Rail Station and on a bus route - talk about public transport on tap! Would be a favourite of Newcastle University students crying out for accommodation. The site comprises three properties, Nos 1 and 3 Hanbury St and 2 Braye St - approx 1000sqm of District Centre zoned land. An opportunity to renovate and increase your return while planning for the future. Public transport is laid on - the market is screaming for accommodation - what are you waiting for? Close to shops and entertainment as well.

Can I afford this property?

Estimated stamp duty (1) $40,490.00
Estimated legal fees (2) $1000.00
Estimated bank/loan fees (2) $800.00
Minimum 10% deposit (3) $100,000.00
Total upfront payment $142,290.00
Monthly repayment on balance of $900,000.00 @ 7% (4) $5,987.71

All figures are estimates only, please confirm with your conveyancer.

1 You may be eligible for first home owner concessions.

2 Estimates only and will vary between different companies.

3 Some financial institutions may not require a full 10% deposit.

4 Minimum repayment based on standard principle & interest loan over 30 years.

Contact Leo Della Grotta

Ray White Newcastle City

Ray White Newcastle City

1 Union Street
Newcastle, NSW 2300

Agent Leo Della Grotta
Mobile 0412 688 321
Phone (02) 4908 5900
Fax (02) 4908 5990

Email Leo

Listing information

This property was listed on 12 Feb 2012 and has been viewed 71 times by 66 visitors.

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