$795K
$132,841
"To enquire, please email or call 1300 815 051 and enter code 3438 This unique property offers the best of both worlds. The Macleay River at your front door and the idyllic beaches of South West Rocks are less than a 10 minute drive. I remember the days when you had to know somebody and then sweet talk them and the family to get a look at a property on South West Rocks Rd. This property was purchased 22 years ago and is now being offered for sale.... The Macleay River can be seen from the majority of windows in the home. Theres a real feeling of tranquillity on inspecting this property. It seems this generous sized Riverside block of 4721m2 was one of the original properties in the area. A Surveyor in Kempsey once told me he had evidence of a dwelling on the property in 1887. The old school method of building a home was adopted when this home was built. Pit sawn wall linings and cotter pin door jambs shows the craftsmanship of this home. No floodwater inundation to the house in 22 years Freshly painted inside and out Gas stovetop and electric oven Ample shed space with a single garage and roller door then another 2 car garage with new lockable roller door New colorbond fence New roof and much of the guttering have been recently replaced large paddock next to house for a few head of cattle, a horse or a market garden. To enquire, please email or call 1300 815 051 and enter code 3438"
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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 Days of Supply
Sold Price
Asking Price
-
85.3%
$500K
7.3%
-$115,000
-$17,754
3.6%
2.8%
-13.4%
6.0%
Asking Price
$795,000
Estimated Purchase Price
$795,000
Stamp Duty
$30,510
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$79,500
Reg. Mortgage
$164
LMI Premium
$20,472
Renovation Costs
-
Total Cash/Equity Required
$132,841
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,861
$31,653
Interest Repayments
$47,223
$47,223
Net Cashflow Before Tax
-$25,362
-$15,570
Depreciation
-
-
Tax Offset
-$7,609
-$4,671
Net Cashflow After Tax
-$17,754
-$10,899
Assumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$715,500
$715,500
$10,740
$597,369
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