$1.3M
$198,940
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
High
High
$1,300,000
Medium
$1,225,000
Low
$1,150,000
Confidence
Medium
$750/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
90.5%
Median Street Sold Price
$975K
Median Street Rental Yield
3.4%
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEProperty Investment Scores
Property
Very Good
Street
Average
Suburb
Good
Overall
Good
Under Market Value
-
Net Cashflow PA
-$28,981
Gross Yield
3.2%
Purchase Costs
Asking Price
$1,325,000
Estimated Purchase Price
$1,225,000
Stamp Duty
$50,430
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$122,500
Reg. Mortgage
$164
LMI Premium
$34,616
Renovation Costs
-
Total Cash/Equity Required
$209,906
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Expenses
Property Management
+7.7% PA
$3,003
$4,274
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
$31,363
$45,189
Interest Repayments
$72,765
$72,765
Net Cashflow Before Tax
-$41,402
-$27,576
Depreciation
-
-
Tax Offset
-$12,421
-$8,273
Net Cashflow After Tax
-$28,981
-$19,303
Balance Sheet
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,308,300
$2,365,095
Liabilities
Loan Balance
I.O
$1,102,500
$1,102,500
Net Equity
$205,800
$1,262,595
Property Inspection Report
Property Overview
This quintessential Queenslander style home combines timeless charm with modern family living. It features three spacious bedrooms with built-in wardrobes, timber flooring, and ceiling fans. The expansive bathroom boasts a freestanding bathtub, separate shower, and independent toilet. A character-filled kitchen leads to a wraparound deck overlooking lush gardens. The property includes a self-contained studio apartment, offering potential rental income, and a double-story structure ready for creative development. Set on a 3,150sqm plot with R5 zoning, this 1995-built residence provides both privacy and opportunities for customization.
Inspection Checklist
- Confirm the condition of the built-in wardrobes in all bedrooms.
- Inspect the timber flooring and ceiling fans for wear or damage.
- Evaluate the condition and size of the freestanding bathtub and separate shower.
- Assess the original charm and functionality of the kitchen.
- Examine the quality and maintenance level of the wraparound deck.
- Verify the status and layout of the well-maintained gardens.
- Explore the potential of the self-contained studio apartment.
- Investigate zoning regulations and expansion possibilities for the double-story structure.
- Clarify the privacy level offered by landscaping and property boundaries.
- Check the overall condition of the house built in 1995.
Questions for Agent
- Can you provide more details on the history and upkeep of the built-in wardrobes and ceiling fans?
- What’s the current state of the timber flooring throughout the home?
- How recently have the kitchen appliances and fixtures been updated?
- Can you describe recent maintenance or refurbishments done on the wraparound deck?
- Are there any current or previous issues with the plumbing in the bathroom or kitchen?
- Is the studio apartment currently rented, or has it been rented in the past? At what rate?
- What are the possible uses for the double-story structure, and are there any restrictions?
- How have the council rates of 2290pa evolved over recent years?
- What zoning restrictions apply to this property, and do they allow further development?
- Are there any additional fees or assessments associated with this property?
Highest rated properties in the area
Below are some similar properties in the area you may be interested in.
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
Unlock Recent Public Projects
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREESpent Per Capita
Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
3.7%
projected
for 2025 to 2027
High
Su
Unlock Recent New Home Construction
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREERecent New Home Construction
1.3%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Very Good
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
Analyse all 168,432 Current Properties For Sale.
Trusted by over 13k property buyers and counting...
Try Picki for FREE