$580K
$108,936
"Escape the hustle and bustle and embrace a touch of the country lifestyle with this solid brick home, privately set back on a sprawling 1011m2 block. Enjoy space and serenity with the convenience of just 10 minutes drive to the charming seaside of village of Crescent Head, famous for its scenic beaches and world class surf. Step inside to a warm and welcoming interior recently installed with brand new plush carpeting. Discover a relaxed family area, lounge room, dining space, and kitchen overlooking the outdoor greenery. There are three spacious bedrooms including a privately positioned master bedroom with a walk in robe. The main bathroom is well located to all areas and a laundry at the rear opens onto a covered outdoor area capturing tranquil treelined views. Sustainability has been thoughtfully considered with a 3kw solar panel system and solar hot water. For year round comfort there are ceiling fans and split system air conditioning. The expansive , sunsoaked backyard is a lush green oasis, including a chook pen and a secure 7m x 5m shed. With a carport at the front, this property offers plentiful space for parking and storage. Located just minutes from the Pacific Highway and only 16 km to Crescent Head, this property offers the best of both worldsa peaceful, private retreat, only a short drive to beaches and nearby the local shops and schools, including Kempsey Adventist School and Kempsey East Public School. Great value, dont miss out, discover your next adventure today Contact Nathan at Team Wilson to arrange your private viewing. Property Features Tranquil setting just 10minutes from Crescent Head 16 km Solid brick construction with brand new carpets 3kW solar panel system and solar hot water Spacious backyard with a chook pen and shed Large master bedroom includes walkin robe Conveniently located near schools and beaches Single carport and ample storage space Property Details Council Rates Approx 2157 pa Land Size 1011sqm Disclaimer The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters"
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Asking Price
$600,000
Estimated Purchase Price
$675,000
Stamp Duty
$25,110
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$67,500
Reg. Mortgage
$164
LMI Premium
$17,381
Renovation Costs
-
Total Cash/Equity Required
$112,351
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
$40,095
$40,095
Net Cashflow Before Tax
-$24,474
-$17,323
Depreciation
-
-
Tax Offset
-$7,342
-$5,197
Net Cashflow After Tax
-$17,132
-$12,126
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$607,500
$607,500
-$30,780
$435,073
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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