$889K
$140,525
Confidence
High
High
$930,000
Medium
$895,000
Low
$860,000
Confidence
Medium
"This exceptional property offers a unique blend of country charm and modern living, making it an ideal retreat for those seeking a lifestyle away from the hustle and bustle on an easy to maintain small acreage block. Situated in an elevated position, the newly renovated cottage style home boasts three extra large bedrooms with builtin robes, two bathrooms including ensuite, stunning renovated kitchen with open plan living, fullyenclosed oversized sunroom and a double bay colour bond shed, with carport. The master bedroom features a walkin robe and striking modern ensuite with decadent herringbone tiles, walltowall shower shelf, matte black accessories and stone vanity. The heart of the home kitchen boasts modern luxury with highend appliances, stone bench tops and sleek finishes. Whether youre a culinary enthusiast or simply enjoy a stylish space for meal preparation, this kitchen is sure to inspire. The main bathroom is equipped with a bath tub, frameless glass shower, modern floating vanity, and feature lighting that adds a touch of elegance and ambience to the space. With ceiling fans, shutters, Ducted Air conditioning and fire place offer year round climate comfort The property also has a dam and bore enhancing its rural appeal and utility. The location allows easy access to the Pacific Highway, 13 minutes to Kempsey and 24 minutes to the heart of Port Macquarie. Buyers looking to capitalise and upgrade to rural lifestyle without sacrificing convenience are well catered for here. Notable features include Approximately 2.4 acres 3 bedrooms 2 bathrooms Huge 9 x 5 m sunroom Ducted Air conditioning Ceiling Fans Shutters throughout Fireplace Double colour bond garage 5 water tanks, approximately 86,000L Bore Water Dam 10.3 Kw solar system Boundary fenced Disclaimer All information contained herein is obtained from property owners or thirdparty sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested persons should rely on their own enquiries."
-
70.5%
-
-
-$15,000
-$22,535
3.1%
2.4%
-14.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$889,000
Estimated Purchase Price
$910,000
Stamp Duty
$35,685
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$91,000
Reg. Mortgage
$164
LMI Premium
$23,433
Renovation Costs
-
Total Cash/Equity Required
$152,478
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
$54,054
$54,054
Net Cashflow Before Tax
-$32,193
-$22,401
Depreciation
-
-
Tax Offset
-$9,658
-$6,720
Net Cashflow After Tax
-$22,535
-$15,681
Assumptions
Year 1
Year 10
Property Value
6.8%
$955,860
$1,727,967
Loan Balance
I.O
$819,000
$819,000
$136,860
$908,967
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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