$400K
$71,328
"Located in one of the quietest, least known little sections of town Nicholson Street on the Eastern side of Lachlan Street. Yes, take a trip and go see for yourself, its a great spot to live a hopskipjump to General StoreCaf, Fuel Station, Doctors Surgery, Bottle Shop and its only around 1.2km to the Kempsey CBD. And, its only 4km to the Freeway Access and 30minutes to Port Macquarie. This charming and very solid character home has the much adored high ceilings and what is uniquely special and worth noticing is the expenditure on replacing the old interior walls and ceilings with Gyproc plaster board so its all nice and modern inside. Also, the bathroom and kitchen are both less than 5 years old and all the windows are powder coated aluminium so really theres no work to do to this home unless you want to paint your own colours and change any floor coverings. Even the wraparound verandah is a suspended concrete slab, so it will last your lifetime and shouldnt have any maintenance needed at all. And just check out the size of the block, wow, 949sqm Thats amazing Imagine all that space for you, the kids, the dogs, the vegies and the chooks, or for a big shed, a pool, a second dwelling or a subdivision. Massive block 949sqm Very solid character home 3 bedrooms, 1 bathroom, Pressed aluminum roof Vinyl cladding over hardwood weatherboards never paint again Concrete wraparound verandah concrete rear porch. Powdercoated aluminum windows all around Relined internal walls ceiling with plaster board Hardwood floor boards under carpet Formal lounge room with reverse cycle air conditioning. BED 1 builtin robes ceiling fan 2 windows for cross breeze BED 2 ceiling fan BED3 bright and sunny with internal and external access perfect as a workfromhome. Near new kitchen Near new bathroom 2nd toilet off rear porch Laundry room off rear porch Store room off rear porch Full concrete drive way Separate double garage with drivethrough access o rear yard 3 roller door in rear of shed. Extra garden shed Chook yard This one is a big MUST SEE Call any day, anytime."
Below are some similar properties in the area you may be interested in.
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47.7%
$473K
4.4%
-$30,000
-$8,784
4.5%
3.1%
-12.3%
6.0%
Asking Price
$400,000
Estimated Purchase Price
$450,000
Stamp Duty
$14,985
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$45,000
Reg. Mortgage
$164
LMI Premium
$8,984
Renovation Costs
-
Total Cash/Equity Required
$71,328
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,280
$28,865
Property Management
+7.7% PA
$1,562
$2,223
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
$14,181
$20,722
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$12,549
-$6,008
Depreciation
-
-
Tax Offset
-$3,765
-$1,802
Net Cashflow After Tax
-$8,784
-$4,205
Assumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$405,000
$405,000
$43,560
$405,890
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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