$459K
$80,401
"Nestled in this idyllic location, you will find this solid home with amazing vistas in an exquisite neighbourhood in South Kempsey. A wellkept secret known to only a fortunate few, this 3 bed, 1 bath home sits on a 673.3sqm block in a floodfree quiet street. Situated off, but close to the main drag, youll enjoy the convenience of walking to all the amenities Kempsey has to offer, including Primary Schools High schools, a golf course, pubs and restaurants, hardware stores, pump track, and parks. Features of this home include 3 bedrooms 1 original bathroom 673.3 sqm block Ceiling fans throughout Polished timber flooring Officesecond living area Large back deck Outdoor entertainment area Established gardens Floodfree location Walking distance to Kempsey Town Centre The backyard offers enough space to accommodate the kids, and pets, or even a pool, providing plenty of room for outdoor activities. Our team has estimated that the home could be rented for 470490 per week, you could be looking at over 1,800 per month in rental income Another bonus is the proximity to the Freeway, with access less than 8 minutes away 30 min to Port Macquarie and 1 hour to Coffs Harbour. Borders are indicative only DISCLAIMER All information contained herein is gathered from sources we believe to be accurate we cannot however guarantee its accuracy and interested parties should make and rely on their own inquiries."
4.1%
56.8%
$404K
5.1%
-$55,000
-$10,479
4.2%
3.0%
-12.8%
6.0%
Asking Price
$459,000
Estimated Purchase Price
$515,000
Stamp Duty
$17,910
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$51,500
Reg. Mortgage
$164
LMI Premium
$10,281
Renovation Costs
-
Total Cash/Equity Required
$82,051
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,621
$22,772
Interest Repayments
$30,591
$30,591
Net Cashflow Before Tax
-$14,970
-$7,819
Depreciation
-
-
Tax Offset
-$4,491
-$2,346
Net Cashflow After Tax
-$10,479
-$5,473
Assumptions
Year 1
Year 10
Property Value
6.8%
$491,280
$888,117
Loan Balance
I.O
$463,500
$463,500
$27,780
$424,617
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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