$499K
$80,401
"Located in the boutique village of Bellbrook, approx. 50km west of Kempsey on the banks of the mighty Macleay River, this 3bedroom home sits on approximately 7,715sqm 1.9Ac and offers a quiet and peaceful lifestyle for its next owners. The current owners also enjoy an additional 3.2Ha 8Ac approx. of leased crown land at the front of the property, providing a wonderfully large block. Plenty of space for the kids or maybe a couple goats or sheep. Features of this property include 3 Bed, 1 Bath, 1 Car Established Gardens Air conditioning Spacious kitchen Concrete water tank Multiple sheds, bird aviaries Hinterland country views Macleay River frontage An added bonus of this property includes a lease by Telstra, providing you with a generous 7,355 income per year to you, the owner. What a great incentive to have these funds available to you to improve the property, pay off the mortgage or save for a rainy day. Yes, its quiet but everything you need is here, Bellbrook village offers a peaceful and relaxing lifestyle, with a wonderful pub, primary school, and a friendly community atmosphere. Contact us today for more information or to arrange your private inspection. DISCLAIMERS All information contained herein is gathered from sources we believe to be reliable we cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries"
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2021 Population
Suburbs
Others - 100.0%
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
10.6%
68.9%
$617K
4%
$75,000
-$9,961
4.3%
3.1%
-12.4%
6.0%
Asking Price
$499,000
Estimated Purchase Price
$505,000
Stamp Duty
$17,460
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$50,500
Reg. Mortgage
$164
LMI Premium
$10,082
Renovation Costs
-
Total Cash/Equity Required
$80,401
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,014
$1,323
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
$15,767
$22,962
Interest Repayments
$29,997
$29,997
Net Cashflow Before Tax
-$14,230
-$7,035
Depreciation
-
-
Tax Offset
-$4,269
-$2,110
Net Cashflow After Tax
-$9,961
-$4,924
Assumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$454,500
$454,500
$164,940
$665,300
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