$449K
$80,401
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Try Picki for FREEConfidence
High
-
Medium
-
Low
-
Confidence
This spacious 4-bedroom, 3-bathroom home in South Kempsey offers a wide range of features perfect for families or investors. Situated on a large 2,023 sqm block, the property boasts a separate lounge with a fireplace, a modern kitchen with a dishwasher and walk-in pantry, and an ensuite in the main bedroom. All bedrooms have built-in robes, and there are ceiling fans and air conditioning throughout. The home has been newly painted with new flooring throughout. There are multiple verandahs, a single car garage with a workshop, and several garden sheds. With its proximity to schools, public transport, and amenities, this property is ideally located for convenience and potential development, subject to council approval.
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59.3%
$355K
7%
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Try Picki for FREE-$80,000
-$7,743
5.1%
Asking Price
$469,000
Estimated Purchase Price
$530,000
Stamp Duty
$18,585
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$53,000
Reg. Mortgage
$164
LMI Premium
$10,581
Renovation Costs
-
Total Cash/Equity Required
$84,526
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
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
$20,421
$29,603
Interest Repayments
$31,482
$31,482
Net Cashflow Before Tax
-$11,061
-$1,879
Depreciation
-
-
Tax Offset
-$3,318
-$564
Net Cashflow After Tax
-$7,743
-$1,315
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$477,000
$477,000
$3,600
$391,810
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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
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price