30 Beach Road, City Centre
- This location has been autonomously mapped, it may not be exact.
30 Beach Road, City Centre
SOLD
Makes Sense
2 bedrooms and 2 car parks in a waterfront location with views of the city. Let me show you why leasehold properties make wonderful lifestyle solutions.
This apartment - 83m2 - 2 bedrooms, 2 car parks, on the waterfront - $229,000.
Apartment outgoings - $17,806
Deposit (50%) = $115,000
Mortgage = $115,000
Annual Mortgage interest (Interest only) = $5,750
Total Annual Outgoings = $23,556
Freehold - 90m2 - 2 bedrooms, 2 bathrooms, 1 car park - on the waterfront - $1,100,000
Apartment outgoings = $14,200
Deposit (20%) = $220,000
Mortgage = $880,000
Annual Mortgage interest (Interest only) = $44,000
Total Annual Outgoings = $58,200
Now, I suppose your argument is going to be something along the lines of "Yes, but a freehold investment could grow my capital beyond what I save in mortgage repayments when buying leasehold."
My rebuttal - "What could you be doing with the $871,000 of surplus equity you still have for buying leasehold?"
Makes sense? If not, you know who to call.
Email [email protected]
Facts & Features
Title Type
Leasehold
Rates
$1683.62
Ground Rent
$11020.04
Sovannara Meak
John McCormick
Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).
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