$620K
$96,130
"This beautifully presented redbrick home is a standout, having been well maintained both inside and out, and offering great curb appeal in a conveniently located street just a few minutes drive from Corowas main street. The lovely roses in the front garden capture your attention, and the home will continue to impress as you step inside. Multiple living and dining spaces, provide a multitude of options for however you want to set up your new home. There is a front living room perfect for quiet evenings, an open plan kitchen and dining space, and an additional living zone with a cosy gas fireplace. The openplan kitchen enjoys modern stone benchtops, a 900mm oven, gas cooktop, dishwasher, and a spacious butlers pantry. The master suite ticks the boxes with an ensuite and walkin robe, and the other two bedrooms both have builtin robes and ceiling fans. The centrally located bathroom and separate toilet provide convenience, while a large laundry and walkin linen cupboard ensure ample storage. Outdoor living is a highlight of this property, with two undercover entertaining areas. The enclosed alfresco area is perfect for yearround gatherings, and the large backyard features a lowmaintenance garden, a spacious shed with power, and side accessideal for storing a small trailer or boat. The secure double garage, along with solar panels, ducted heating, and evaporative cooling are further highlights of this property. This exceptional home offers a perfect balance of indoor and outdoor living, making it an ideal choice for families, entertainers, or anyone seeking a wellappointed home in a prime location. Contact Luke Moloney on 0447 780 999 today to arrange a viewing."
-
69.6%
$525K
4.8%
-$125,000
-$12,185
4.0%
3.0%
-12.4%
6.0%
Asking Price
$620,000
Estimated Purchase Price
$590,000
Stamp Duty
$21,285
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$59,000
Reg. Mortgage
$164
LMI Premium
$15,193
Renovation Costs
-
Total Cash/Equity Required
$97,837
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$583
$761
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
$17,638
$25,574
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$17,408
-$9,472
Depreciation
-
-
Tax Offset
-$5,222
-$2,842
Net Cashflow After Tax
-$12,185
-$6,630
Assumptions
Year 1
Year 10
Property Value
6.8%
$496,620
$897,771
Loan Balance
I.O
$531,000
$531,000
-$34,380
$366,771
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 17.0%
Accommodation and Food Services - 12.0%
Retail Trade - 8.0%
Others - 44.0%
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