$739K
$111,498
"Privately positioned right opposite Belmore River only six minutes from Gladstone and twentyfive minutes from South West Rocks this fourbedroom home with two large bonus rooms downstairs is all in original condition awaiting your personal touch. Featuring cathedral ceilings in the living, kitchen, dining, and sitting rooms. This home is set on just shy of 5 acres 4.9 acres1.99 HA and is surrounded by more acreages giving a genuine sense of country living with the convenience of being close to services. The house features Upstairs Four bedrooms Master with walkinrobe and ensuite and own private builtin balcony that can be used for a study overlooking the back paddock The formal lounge room with access to the northfacing balcony The dining room is centrally located which leads to the lounge room and has a beautiful fireplace Welllit large tidy kitchen that overlooks the river The original bathroom includes a shower, bathtub, and vanity Separate powder room Second, third, and fourth bedrooms are generous in size, and all with builtin robes Downstairs Two large bonus rooms that are left to your imagination for use Goodsized laundry and third bathroom complete with shower toilet A massive workshop spanning the length of the house, perfect for storage or a hobbyists haven The grounds are a gardeners paradise with endless opportunities There is a singlecar garage and double carport with access to the workshop This lovely home presents a blank canvas ready to have life brought back into it and for the next generation to enjoy. Rental Appraisal in current condition is 520 540 and with little work like paint and carpet and some maintenance up to 580 per week. Rates Approximately 2603PA Book your private inspection today."
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 12.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 52.0%
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
-
79.7%
-
-
-$35,000
-$15,532
3.6%
2.7%
-13.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$739,000
Estimated Purchase Price
$685,000
Stamp Duty
$25,560
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$68,500
Reg. Mortgage
$164
LMI Premium
$17,639
Renovation Costs
-
Total Cash/Equity Required
$114,059
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$1,160
$1,514
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
$18,501
$26,871
Interest Repayments
$40,689
$40,689
Net Cashflow Before Tax
-$22,188
-$13,818
Depreciation
-
-
Tax Offset
-$6,656
-$4,146
Net Cashflow After Tax
-$15,532
-$9,673
Assumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$616,500
$616,500
$77,700
$638,448