$789K
$120,035
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Try Picki for FREEConfidence
High
High
$865,000
Medium
$845,000
Low
$825,000
Confidence
Medium
$780/week
Street Statistics
Public Housing (%)
2.7%
Owner Occupiers (%)
73%
Median Street Sold Price
$725K
Median Street Rental Yield
5.7%
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Property
Very Good
Street
Very Good
Suburb
Average
Overall
Average
Under Market Value
$55,000
Net Cashflow PA
-$9,886
Gross Yield
5.1%
Purchase Costs
Asking Price
$845,000
Estimated Purchase Price
$790,000
Stamp Duty
$30,285
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$79,000
Reg. Mortgage
$164
LMI Premium
$20,343
Renovation Costs
-
Total Cash/Equity Required
$131,988
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$40,560
$57,730
Expenses
Property Management
+7.7% PA
$3,123
$4,445
Rates
+3.0% PA
$1,257
$1,640
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
$32,803
$47,238
Interest Repayments
$46,926
$46,926
Net Cashflow Before Tax
-$14,123
$312
Depreciation
-
-
Tax Offset
-$4,237
$94
Net Cashflow After Tax
-$9,886
$218
Balance Sheet
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Assumptions
Year 1
Year 10
Property Value
6.8%
$902,460
$1,631,433
Liabilities
Loan Balance
I.O
$711,000
$711,000
Net Equity
$191,460
$920,433
Property Inspection Report
Property Overview
This is a well-presented four-bedroom home, situated in a peaceful and elevated cul-de-sac, boasting 868sqm of level land. It's perfectly positioned for those with a caravan, boat, or trailer. The home is ready to live in but also offers opportunities for renovation. Located near schools, shops, Sawtell Village, beaches, and the Coffs Harbour Airport and CBD, this property is ideal for families and investors. Enjoy a sun-drenched interior and breezy elevated position, alongside a double lock-up garage with ample storage and a fenced, low-maintenance yard. Ideal for first-time homebuyers, young families, or downsizers, with an appealing projected rental income of $640-$680 per week.
Inspection Checklist
- Verify the condition and potential renovation areas of the property.
- Check the functionality and condition of the reverse cycle air conditioning and fans.
- Assess storage options in the garage and throughout the house.
- Inspect the size and usability of the front and rear yards.
- Confirm NBN internet connection and its speed availability.
- Evaluate proximity and accessibility to schools, shops, and public transport.
- Verify the dimensions and condition of built-in wardrobes and kitchen cabinets.
- Assess noise levels in the cul-de-sac and potential for future developments.
- Examine the condition and privacy afforded by the fully fenced yard.
- Inquire about any existing issues related to utilities and plumbing.
Questions for Agent
- What renovations have been considered feasible for this property?
- How old is the air conditioning system, and when was it last serviced?
- Can you provide further details on any recent repairs or upgrades?
- What is the local NBN internet speed according to current residents?
- Could you elaborate on the projected rental income and its basis?
- Are there easements or restrictions on the use of the property?
- How often do properties in this cul-de-sac come onto the market?
- What is the typical demographic of the neighborhood?
- Can you clarify any local development plans that may impact the area?
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Location Opportunity
City of Coffs Harbour statistics
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
78,759
2021 Population
31
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Average
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 50.0%
income growth
Very High
Average Income
COMMUTE TIME
201mins
106kms
Poor
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
3.7%
projected
for 2025 to 2027
High
Su
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1.3%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Excellent
Average Vacancy Rate
Days of Supply
Very Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Very Good
Average Population
Pricing
Sold Price
Asking Price
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