$480K
$81,226
"This gorgeous three bedroom home is oozing charm and federation features. With decorative fretwork, timber flooring and a wrap around verandah with some TLC and a sympathetic touch, this lovely home could be a standout. With generous living space, an updated kitchen and bathroom, three good sized bedrooms and lovely french doors that open to flood the room with northern, morning light, this home has character and appeal. With air conditioning, a dishwasher, a generous laundry and built in wardrobes, the features of this home, ensure that it is the perfect start for a young family or investor looking for a solid return, at a great price, in a tight market. A large covered timber deck, a big garden shed for storage, lock up carport and off street parking, a low maintenance yard with high fences for privacy and situated conveniently across from the showground and only a couple of blocks from West Kempsey CBD, this home is move in ready. In close proximity to excellent public, and private, primary and secondary schooling options and, a short drive to Crescent Head, South West Rocks and Hat Head, and an easy highway commute to Port Macquarie and Coffs Harbour this home would suit a multitude of buyers. Call now to organise your private inspection."
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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
4.1%
69.4%
-
-
-$140,000
-$12,415
3.6%
2.4%
-15.4%
6.0%
Asking Price
$480,000
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
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$12,262
$17,990
Interest Repayments
$29,997
$29,997
Net Cashflow Before Tax
-$17,735
-$12,007
Depreciation
-
-
Tax Offset
-$5,321
-$3,602
Net Cashflow After Tax
-$12,415
-$8,405
Assumptions
Year 1
Year 10
Property Value
6.8%
$389,820
$704,702
Loan Balance
I.O
$454,500
$454,500
-$64,680
$250,202
Did you know you need to engage a conveyancer when buying a property?
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