10 Crayfish Street, Mountain Creek, Queensland

Brightwater: 2 bedrooms each with ensuite

Offers over $410000

Property Description

Brightwater is probably one of the most popular areas in Sunshine coast, due to its location. This low-maintenance townhouse is located across the road from the Brightwater hotel and Aldi Shopping Centre with restaurants, Gym, a medical center, and more. Only minutes away from amazing beaches, cafes and restaurants of Mooloolaba

The modern, architecturally designed townhouse will provide you with a lifestyle that is second to none. This townhouse unit part of the Lake Haven complex that is now 7 years old. Both bedrooms are generous in size with large built-in wardrobes and ceiling fans. Each bedroom features a private ensuite bathroom The master bedroom and downstairs area are both air-conditioned.


The kitchen is fitted with stone benchtops, ceramic glass cooktop, dryer fitted on the wall in the laundry, dishwasher, and lock up garage. It provides second vehicle parking in front of the garage. Ceiling fans throughout. Upstairs provision has been made for a study nook with a cable network connection to four areas in the unit. NBN access is available in this area. Extra storage cupboards are available down and upstairs.

This property is currently registered as a National Rental Affordability Scheme (NRAS) rental unit which is well suited for an investor. Under the NRAS scheme, the tenant pays a subsidised rent of 74.99 percent of the independently assessed market value.

The very basic explanation is that in exchange for charging 74.99% of the market rent to the tenant, both the State & Federal Government will pay you an annual incentive payment.

The incentive amount for the current NRAS year is below, the State Government payment is cash to your bank account and the Federal Government payment is a fully refundable tax offset that your accountant claims on your tax return. It will either reduce your tax liability or if it is greater than the tax you owe it will be paid to you as a refund.

2021-22 NRAS Full year's incentive
Australian Government Contribution $8,343.05 Tax offset
State/Territory Contribution $2,781.02 payment is cash to your bank account
Total $11,124.07 basically $213.00 per week income added to the rental income on $329.00 per week

The not-so-obvious benefit for the investor is that the reduced rent makes this property highly in demand by tenants. (Owner buyers can remove the property from the NRAS scheme at a cost of about $750 plus disbursements)

Other features:
* Stainless steel appliances & dishwashers
* Open plan living/dining with air-conditioning.
* Front courtyard & patio
* NBN connection is now available in the area if you want fast internet.

Currently, the subsidised rent is $329 per week. The current lease runs till the 18th of Jun 22, This low-maintenance townhouse is one to add to your shopping list.
Body corporate rates are

LOCATION, LOCATION, LOCATION
From Lake Haven, step across the road and enjoy the convenience of:
- Brightwater State School Primary Government
- a lakeside retail hub, including a supermarket, medical center, cafe, and other specialty stores
- the Brightwater Family Tavern, with lakeside alfresco dining areas
- a lake which meanders for more than a kilometer, with waterfront walkways of over 3 kilometers
- a new lakefront park featuring picnic shelters, tables & chairs, barbecues, and two sets of modern park play equipment to keep children busy for hours

Nearby schools - You have a couple of choices
-Brightwater State School Primary Government 0.65 km
-Mountain Creek State High School secondary Government 2.37 km
-Mountain Creek State School Primary Government 2.37 km
-Buddina State School Primary Government 2.94 km
-Kawana Waters State College Combined Government 3.28 km

Property Summary

Property Snapshot

  • 2
  • 2.5
  • 2
Location: 10 Crayfish Street, Mountain Creek
Price: Offers over $410000

External Features

  • Courtyard
  • Deck

Internal Features

  • Dishwasher
Marketing Agent
Christiana Botha
Christiana Botha

Listing location
Gallery

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