$470K
$82,051
"Now this is something unique and special a great opportunity to get yourself some space, scenery, a good solid home, in a location thats not far from Crescent Head beaches or the Freeway access back to Port Macquarie and an extra building block This package is actually a house situated on one lot plus the adjacent vacant lot which you can sell off or build on if you wish. Or just have all the land, space, freedom and serenity for yourself. Might I say, its great soil so getting this much space and great soil too means that you can easily start growing your own food and have some chickens too Looking at the home its well built, good brick piers, good exterior, good aluminum doors and windows, new Colorbond roof, good timber deck and verandah. Really all that needs doing is a few rafters in the deck roof, a go through with some new paint, new blinds or curtains, a few new lights and even pull off the kitchen splashback contact paper and replace with a new cover.Do this and this house would be fully transformed in so little cost, it would look and feel amazing with such little work. From the home the views out over your yard and out onto farm paddock and bushland is just beautiful its such a lovely way to live and you really dont feel like you are in town. Amazingly this location is only a stonesthrow to the great local storecaf, the local bottle shop and petrol station and you could easily walk into the center of town too if you wish its all of 1.5km away. Its only a 20minute easy cruise too Crescent Head beaches and only 3minutes to the Freeway access so you can be in Port Macquarie town center in 35minutes. 1,879sqm total at the end of a little nothrough road House block 945sqm Vacant block 933sqm Solid hardiplank clad home, plaster interior, new Colorbond roof 3 bedrooms, 1 bathroom, 2 living areas, 2 carport High ceilings, polished timber floors, Main bedroom builtin robes reverse cycle air conditioning ceiling fan Bedroom 2 builtin robe ceiling fan Bedroom 3 ceiling fan Modern bathroom walkin shower bathtub toilet vanity Kitchen opens to familydining, dishwasher, gas stoveelectric oven Familydining area flows to huge rear deck side verandah You just dont want to miss this one Dont expect perfection but expect a really good solid home, and great location for a great lifestyle a great buy"
Below are some similar properties in the area you may be interested in.
-
47.7%
$473K
4.4%
-$35,000
-$10,735
4.1%
2.9%
-13.3%
6.0%
Asking Price
$470,000
Estimated Purchase Price
$505,000
Stamp Duty
$17,460
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$50,500
Reg. Mortgage
$164
LMI Premium
$10,082
Renovation Costs
-
Total Cash/Equity Required
$80,401
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
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
$14,661
$21,406
Interest Repayments
$29,997
$29,997
Net Cashflow Before Tax
-$15,336
-$8,591
Depreciation
-
-
Tax Offset
-$4,601
-$2,577
Net Cashflow After Tax
-$10,735
-$6,014
Assumptions
Year 1
Year 10
Property Value
6.8%
$501,960
$907,424
Loan Balance
I.O
$454,500
$454,500
$47,460
$452,924
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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