Withheld
$124,304
Confidence
High
High
$780,000
Medium
$750,000
Low
$720,000
Confidence
Medium
"Sunny Choi and the team REMAX Prestige are proud to present the rural property and huge land with potential on 22.47ha close to modern amenities Positioned with the corner merely minutes from the Hunter Expressway, you are in the heart of the Hunter Valley with shopping centers, worldrenowned wineries, restaurants, schools and more all at your doorstep. The commute to Newcastle is 45 min, with Maitland, Cessnock, and Singleton all within a brief 20 min drive. Picturesque from every angle with views across its fertile land, it takes in a beautiful scene of neighboring acreages and the bushland beyond. With a dam and plenty of clear space to construct your masterpiece, here is a rare opportunity to acquire a significant parcel within a highgrowth area on the fringe of Wine Country. Why youll love where you live A short 10minute drive to the Hunter Valley Less than an hours drive to Newcastles city lights and pristine beaches. Only 5 minutes drive to the township of Huntlee which Macdonald, KFC, Coles 20 minutes drive to Maitlands heritage CBD Less than 5 minutes drive to schoolsapprox Please feel free to contact Sunny Choi 0412 612 382 for more information Disclaimer We believe the information provided is reliable however cannot guarantee its accuracy. We encourage all interested parties to make their own enquiries to confirm relevant details"
-
79.1%
-
-
$45,000
-$17,270
3.3%
2.4%
-14.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$705,000
Stamp Duty
$26,460
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$70,500
Reg. Mortgage
$164
LMI Premium
$18,154
Renovation Costs
-
Total Cash/Equity Required
$117,474
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
$1,016
$1,326
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
$17,205
$25,009
Interest Repayments
$41,877
$41,877
Net Cashflow Before Tax
-$24,672
-$16,868
Depreciation
-
-
Tax Offset
-$7,402
-$5,060
Net Cashflow After Tax
-$17,270
-$11,808
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$634,500
$634,500
$166,500
$813,517
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2021 Population
Suburbs
Mining - 39.0%
Retail Trade - 6.0%
Public Administration and Safety - 6.0%
Accommodation and Food Services - 5.0%
Others - 44.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price