$460K
$82,875
"The bones are all there, its now time for someone to roll up their sleeves and create your own little haven in the popular suburb of Smithtown With two downstairs bedrooms, a large living room, generous kitchen and quirky upstairs bedroom or study, this block is big With air conditioning, ceiling fans, built in wardrobes and heaps of storage, this home is ready to move in and let your renovating inspiration fire up An updated kitchen and bathroom combine with a generous external laundry to maximise space and incite the motivation for some cosmetic tweaks to modernise and optimise the potential of this lovely little house. You could create a fantastic family home here. Plenty of room for the kids toys, a large shed for storage, carport, alfresco entertaining area, citrus and established trees and gardens, a concrete driveway and in a lovely quiet street, this home is close to the general store, pub, post office and with only a quick drive to Gladstone or Kempsey for shopping, this location is ideal Zoned for Smithtown school, close to the sporting fields and with that small town country feel, this is a lovely alternative to large town living without losing amenities. Call now to secure an inspection"
-
75.6%
$410K
5.3%
-$120,000
-$12,031
3.8%
2.6%
-14.5%
6.0%
Asking Price
$460,000
Estimated Purchase Price
$520,000
Stamp Duty
$18,135
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$52,000
Reg. Mortgage
$164
LMI Premium
$10,381
Renovation Costs
-
Total Cash/Equity Required
$82,876
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$13,701
$20,039
Interest Repayments
$30,888
$30,888
Net Cashflow Before Tax
-$17,187
-$10,849
Depreciation
-
-
Tax Offset
-$5,156
-$3,255
Net Cashflow After Tax
-$12,031
-$7,594
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$468,000
$468,000
-$40,800
$304,276
Did you know you need to engage a conveyancer when buying a property?
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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