$1.1M
$184,920
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Try Picki for FREEConfidence
High
High
$1,160,000
Medium
$1,100,000
Low
$1,040,000
Confidence
Medium
$800/week
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
69%
Median Street Sold Price
$1.18M
Median Street Rental Yield
2.6%
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Property
Very Good
Street
Good
Suburb
Average
Overall
Good
Under Market Value
-
Net Cashflow PA
-$22,104
Gross Yield
3.8%
Purchase Costs
Asking Price
$1,100,000
Estimated Purchase Price
$1,100,000
Stamp Duty
$44,235
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$110,000
Reg. Mortgage
$164
LMI Premium
$28,325
Renovation Costs
-
Total Cash/Equity Required
$184,920
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Expenses
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,257
$1,640
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
$33,763
$48,604
Interest Repayments
$65,340
$65,340
Net Cashflow Before Tax
-$31,577
-$16,736
Depreciation
-
-
Tax Offset
-$9,473
-$5,021
Net Cashflow After Tax
-$22,104
-$11,715
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,174,800
$2,123,759
Liabilities
Loan Balance
I.O
$990,000
$990,000
Net Equity
$184,800
$1,133,759
Property Inspection Report
Property Overview
Discover the charming potential of this four-bedroom home in central Sawtell, offering original character and hardwood timber floorboards. Positioned within a short, level walk to Sawtell Village's vibrant cafes, shops, and pristine beaches, this property caters to owner occupiers, keen renovators, and investors with a long-term tenant already established. Embrace flexible living arrangements with its multiple living options, high ceilings, and private garden outlook. The property features a single carport and a spacious, fully fenced yard perfect for families and pets. Enjoy the level, low-maintenance yard and capitalize on the opportunity in this sought-after location, just minutes from Coffs Harbour Airport and CBD.
Inspection Checklist
- Verify the condition of hardwood timber floorboards.
- Inspect the high ceilings for any signs of damage or maintenance requirements.
- Examine the gardens to confirm their privacy and maintenance needs.
- Evaluate the layout for flexibility in living arrangements.
- Check bathroom facilities for functionality (bath/shower, vanity, separate toilet).
- Assess the internal laundry space.
- Inspect the carport and verify the condition of the side gate and fencing.
- Confirm the size and usability of the yard for family and pet-friendliness.
- Get information on the tenancy agreement with the existing tenant.
Questions for Agent
- Can you provide more details about the condition of the timber floorboards?
- What renovations have been done recently, if any?
- Can you tell me more about the long-term tenant's lease terms?
- Is there any existing warranty for recent renovations or installations?
- How are the noise levels considering proximity to the village and airport?
- Are there any pending repairs that the buyer would need to undertake?
- Can you clarify what flexibility the layout provides?
- How often does the garden require maintenance?
- Are there any restrictions or covenants on expanding or modifying the property?
- What are the neighbors like and is the community supportive or active?
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Location Opportunity
City of Coffs Harbour statistics
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
78,759
2021 Population
31
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Average
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 50.0%
income growth
Very High
Average Income
COMMUTE TIME
201mins
106kms
Poor
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
3.7%
projected
for 2025 to 2027
High
Su
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1.3%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Very Good
Average Rental Yield
VACANCY RATE
Excellent
Average Vacancy Rate
Days of Supply
Very Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Poor
Average Population
Pricing
Sold Price
Asking Price
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