$449K
$80,401
"From the outside, its hard to imagine what lies behind the front door at 8 Albert Street, South Kempsey. This 4 bedroom, 2 bathroom, 2 car brick home sits on a 663.9 sqm block and is waiting for its next family. The modern kitchen, expansive dining area, and generous lounge room create a sense of spaciousness throughout the home. Ample storage is provided by the hallway lined with linen cupboards, and builtin robes in three out of the four bedrooms. This home is ideally situated in South Kempsey with schools, shops, and parks all within walking distance, and is only a short 15minute walk over the Macleay River to West Kempsey CBD. Features of this home include 4 bedrooms 2 bathrooms 2 carports 663.9 sqm block Air conditioning Rear access to the home via Taylor Street Garden shed Fully fenced Spacious modern kitchen Outdoor alfresco courtyard Close proximity to the Freeway, with access less than 8 minutes away 30 minutes to Port Macquarie and 1 hour to Coffs Harbour. Outside is well catered for with a private outdoor alfresco courtyard, flowing on from the spacious dining room. The double carport, with access from Taylor Street, adds convenience for the whole family. Spend the afternoon on the front porch with a drink or two admiring the sunshine and the river breeze on a warm day. Call Carlos today on 0427 256 570 to arrange a private inspection and secure yourself a large family home while the opportunity lasts. DISCLAIMER All information contained herein is gathered from sources we believe to be reliable we cannot however guarantee its accuracy and interested parties should make and rely on their own inquiries."
Below are some similar properties in the area you may be interested in.
6.2%
59.3%
$323K
6.8%
-$505,000
-$5,695
5.7%
4.3%
-7.1%
-
Asking Price
$449,000
Estimated Purchase Price
$505,000
Stamp Duty
$17,460
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$50,500
Reg. Mortgage
$164
LMI Premium
$10,082
Renovation Costs
-
Total Cash/Equity Required
$80,401
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
$29,997
$29,997
Net Cashflow Before Tax
-$8,136
$1,656
Depreciation
-
-
Tax Offset
-$2,441
$497
Net Cashflow After Tax
-$5,695
$1,159
Assumptions
Year 1
Year 10
Property Value
6.8%
-
-
Loan Balance
I.O
$454,500
$454,500
-$454,500
-$454,500
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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.
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