$680K
$122,596
"You will feel like you are tucked away in trendy, inner city Surry Hills or Paddington from the unassuming street aspect of this home, but once inside youll be amazed at the scope, the view and the unique character of this hidden gem. River views take your breath away as soon as you enter, and the beauty of the water and the farmlands of Euroka provide the perfect backdrop for the spacious decks and alfresco areas. A large timber beamed entry area separates the front of the property from the rear and provides privacy, and could easily be converted into a study or secondary living space. A large timber kitchen will delight the culinary inspired in the family, with a dishwasher, granite benchtops and gas cooktop, and encourages a seamless transition to the upstairs living areas which comprise of three bedrooms with built in wardrobes and one bathroom. The bathroom is large with a separate shower and spa bath. The timber floorboards add charm to the upper level and fresh paint and large windows flood the rooms with light. A gas bayonet and fireplace will keep everyone warm whilst enjoying watching the sun set over the river and an air conditioner will supplement the refreshing river breezes. On the lower floor level, there is a recently renovated additional living, bathroom, laundry and bedroom space which lends itself to intergenerational living, a teenagers retreat or an income producing opportunity with separate, private access via the side laneway. This studio also has a vacant cavity, which would suit a kitchen therefore allowing this space to be completely separate and self contained. With its own private deck and outdoor space, this would be a desirable investment option. Externally the property has 12 solar panels, new timber fencing, citrus trees and garden beds and the rear of the property is completely hidden from the road. Zoned for the reputable West Kempsey public school, close to secondary and private school options, a quick drive to the freeway for an easy commute to Port Macquarie and Coffs Harbour and a leisurely drive to the popular beaches of Crescent Head and South West Rocks this is an opportunity to buy in a great family suburb. With a few cosmetic finishing touches, this will be a delightful family home, a downsizing option or a strong investment opportunity with two income streams. This property is on the market and will be sold. Dont miss out on this unique prospect."
Below are some similar properties in the area you may be interested in.
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64.9%
$578K
3.9%
-$345,000
-$20,970
2.7%
1.9%
-17.1%
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Asking Price
$680,000
Estimated Purchase Price
$735,000
Stamp Duty
$27,810
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$73,500
Reg. Mortgage
$164
LMI Premium
$18,926
Renovation Costs
-
Total Cash/Equity Required
$122,596
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$13,701
$20,039
Interest Repayments
$43,659
$43,659
Net Cashflow Before Tax
-$29,958
-$23,620
Depreciation
-
-
Tax Offset
-$8,987
-$7,086
Net Cashflow After Tax
-$20,970
-$16,534
Assumptions
Year 1
Year 10
Property Value
6.8%
$416,520
$752,969
Loan Balance
I.O
$661,500
$661,500
-$244,980
$91,469
Did you know you need to engage a conveyancer when buying a property?
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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