$385K
$56,481
Confidence
High
High
$230,000
Medium
$205,000
Low
$180,000
Confidence
High
"Meet 81 Cherry Street, A home that ticks all the boxes This very wellmaintained double brick, threebedroom cottage is a elderly friendly home close to the town Centre of Barraba. Two loungerooms, both with split systems, two of the three bedrooms have builtins, kitchen tastefully renovated a few years ago, bathroom, two toilets, laundry. Double lock up garage, cement floor, three remote roller doors. Two slim line tanks that supply the house with rainwater. Great location, 100m walk to the main street, police station and RSL club. Dual access from Cherry Street and Morrow Street. Low maintenance yard. Rural views overlooking the river flats country of the eastern side of town. Contact Chloe or Sinclair at Hart Rural Agencies to book your inspection of this beautiful home"
2.5%
72.9%
-
-
-$155,000
-$4,613
5.8%
4.1%
-8.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$385,000
Estimated Purchase Price
$360,000
Stamp Duty
$10,935
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$36,000
Reg. Mortgage
$164
LMI Premium
$7,187
Renovation Costs
-
Total Cash/Equity Required
$56,482
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,027
$1,340
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$14,794
$21,579
Interest Repayments
$21,384
$21,384
Net Cashflow Before Tax
-$6,590
$195
Depreciation
-
-
Tax Offset
-$1,977
$59
Net Cashflow After Tax
-$4,613
$137
Assumptions
Year 1
Year 10
Property Value
6.8%
$218,940
$395,791
Loan Balance
I.O
$324,000
$324,000
-$105,060
$71,791
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price