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Apartment Details

Bedrooms  x 3   Bathrooms  2  

Open For Inspection Times

None scheduled at this time.

Past Sales & Property Information

Property Info: 8/16 Chapman Avenue
Street Info: Chapman Avenue
Suburb Info: Merimbula
Postcode Info: 2548

Taxes

Stamp Duty: $11,690

Merimbula Profile

Average age: 50 years
Houses: 63.6%
Townhouses: 11.9%
Flats & units: 21.9%
Other: 2.6%
Population: 3,206
     

8/16 Chapman Avenue, Merimbula

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$360,000

MANAGEMENT RIGHTS

On-site Manager has a two storey brick apartment, 3 bedrooms (built-ins), 2 bathrooms, 2 kitchens, 2 lounge & dining areas. Ideally you could rent out the 2 bedroom area separately from the main living area. Situated in the lovely Fishpen area of Merimbula, the complex comprises of 7 x 2 bedroom apartments that all have been upgraded. Each features a fully equipped kitchen with full size refrigerator and oven. Car and boat parking is off street. A very easy 20 minute walk into town and handy to corner store and children's playground. Offering around a 10% return on the investment.
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Agent Details

Ray White Merimbula

P: 02 6495 3200
F: 02 6495 3633
E: sales@raywhitemerimbula.com.au

4 Merimbula Drive Merimbula NSW 2548
www.raywhite.com/nsw/merimbula

Plancard Pty Ltd. License 323 326
Licensed Agent
View all sales listings for this agency

Harry Balodis

Harry Balodis View profile

0412 855 918  or  02 6495 3200 

View all sales listings for this agent

What do I need to purchase this property?

Initial Requirements (assuming sale price of $360,000)

Stamp duty $11,690
Legal fees1 $1,500
Loan application fees2 $655
Minimum deposit (10%)2 $36,000
  Total initial payment:   $49,845

Monthly Repayments (assuming deposit of $36,000 and sale price of $360,000)2

Loan repayments on $324,000 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment:   $2,145 per month

Notes

The calculation given above is an example estimate only and may not correspond with what is commercially available.

Listing Age and Views

This listing was first displayed on 14/4/11, last updated on 12/3/12, and has been viewed 439 times. Please note the counter is not updated immediately.

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