$479K
$83,700
"If youre looking for a great investment opportunity or a lovely place to call home, then put this one on your list to view. This charming house is situated in a prime location and sort after area in Smithtown, approximately 21 mins to South West Rocks and 23 minutes to Kempsey town centre. The lifestyledriven buyers will enjoy boating and fishing with the Macleay River approximately 50 mtrs away. A quaint twobedroom home that could easily convert to three bedrooms, has an updated kitchen and bathroom for the next occupier to enjoy. A mixture of polished timber and vinyl floors with a large extension to the rear of the house to create a second living area, this little gem is a perfect start for those getting into the market. All on generous and level 544m2 flat block. Features Two Large bedrooms with big builtin robes Two Living areas. One with wood fire and additional gas point for heater as well as air conditioning Upgraded main bathroom with separate toilet in laundry Upgraded kitchen and appliances, gas cooktop, and large rangehood Separate dining and study nook area Upgraded metal roofing in the last 10 years Carport with plenty of room for a double lockup shed STCA. Level fully fenced 545m2 block In an elevated position and fully clad home 3 x 3 Garden shed Rental appraisal 380 400 per week This home has a particular charm that will win your heart."
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77.4%
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-$115,000
-$12,495
3.6%
2.5%
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Asking Price
$479,000
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
$18,720
$26,644
Property Management
+7.7% PA
$1,441
$2,052
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
$12,742
$18,673
Interest Repayments
$30,591
$30,591
Net Cashflow Before Tax
-$17,849
-$11,918
Depreciation
-
-
Tax Offset
-$5,355
-$3,575
Net Cashflow After Tax
-$12,495
-$8,343
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$463,500
$463,500
-$36,300
$308,776
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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