$560K
$98,691
"Set on a huge 800 square metre block, this three bedroom, one bathroom home is fully renovated and modernised. With a new kitchen, dishwasher and inbuilt appliances, new bathroom, new flooring and new paint there is not a thing to do except move in a enjoy your new home. There is air conditioning, fans and a second toilet in the large laundry. Located in popular Kemp Street, close to both the West Kempsey and Central CBDs, catholic and public primary and high schools, public transport and sporting fields, this home would be perfect for a first home buyer, young family or someone wanting a big block for all the toys. Fully fenced, with a magnificent mango tree centrally located in the backyard and, this property is just waiting for its next chapter. Close to the beaches of South West Rocks, Hat Head and Crescent Head and a short commute to Port Macquarie or Coffs Harbour, this home is ideally located to enjoy that elusive worklife balance. Properties of this quality and location dont last long so book your inspection today"
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1.5%
69.7%
$570K
4.7%
-$25,000
-$14,477
3.5%
2.5%
-14.7%
6.0%
Asking Price
$570,000
Estimated Purchase Price
$595,000
Stamp Duty
$21,510
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$59,500
Reg. Mortgage
$164
LMI Premium
$15,321
Renovation Costs
-
Total Cash/Equity Required
$98,691
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
$35,343
$35,343
Net Cashflow Before Tax
-$20,682
-$13,937
Depreciation
-
-
Tax Offset
-$6,204
-$4,181
Net Cashflow After Tax
-$14,477
-$9,756
Assumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$535,500
$535,500
$73,260
$564,993
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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