Withheld
$437,145
"KEY FEATURES Situated on 5 acres approx of beautiful Orchard Hills country side with views to the Blue Mountains. Zoning falls under RU4 which caters for Primary Production Small Lots as per contract. 80 metre frontage 250 metres in depth approx. Positioned less than 300 metres approx back to the Northern Road, with the local Flower Power Nursery on the corner. Set on the higher side of the road, featuring a large level section of land. The block occupies a liveable four bedroom brick veneer home two sheds of varying condition. Located within approximately 4 kilometres to the CBD of Penrith easy access to the M4 motorway. WHAT WE LOVE MOST The opportunities here are endless Positioned on the high side offering expansive land with uninterrupted views of the Blue Mountains. This property sits at the forefront of this exciting time of growth. There will be major advancements in infrastructure in this local area, with an estimated 6,000 new residential properties planned to be constructed before 2026 INSPECT BY APPOINTMENT ONLY CONTACT ADRIAN TONNA 0416 288 460 Disclaimer We have been furnished with the above information, however, Merrick Property Group gives no guarantees or undertakings concerning the accuracy, completeness or uptodate nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate."
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2016 Population
Suburbs
Health Care and Social Assistance - 14.0%
Retail Trade - 12.0%
Education and Training - 10.0%
Construction - 9.0%
Others - 55.0%
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
-
73.5%
$3.1M
1.2%
-
-$69,011
2.5%
2.1%
-15.2%
6.0%
Asking Price
-
Estimated Purchase Price
$2,550,000
Stamp Duty
$123,305
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$255,000
Reg. Mortgage
$164
LMI Premium
$72,058
Renovation Costs
-
Total Cash/Equity Required
$452,722
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,336
$1,743
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
$52,882
$75,827
Interest Repayments
$151,470
$151,470
Net Cashflow Before Tax
-$98,588
-$75,643
Depreciation
-
-
Tax Offset
-$29,576
-$22,693
Net Cashflow After Tax
-$69,011
-$52,950
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,723,400
$4,923,259
Loan Balance
I.O
$2,295,000
$2,295,000
$428,400
$2,628,259
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