$950K
$175,529
"Well, you dont get an opportunity like this in the country very often amazing value Located an easy 25minute drive west of Kempsey, and only 2 minutes east of the little village of Willawarrin. At first you are super surprised to find you have the luxury of a circular tarsealed driveway and then its oh good shed with concrete parking out front, oh cool pool, charming homing, oh another shed and wow another home and its new, woohoo Yes,two homes It not until you walk around the back of the main home do you see the main big dam big enough to canoe on. Then as you wonder around through bushland pockets and open pastured pockets you discover there are three more dams and some amazing big views to sit and admire. The main home, one of character, is constructed on a concrete slab, with Weathtec board exterior and iron roof. It has a stunning living area with a riverstone wall with fire place as a central feature, whilst the dark paint tones and high ceilings help accentuate the lush green garden views through the windows. The wraparound concrete verandah is ideal for durability, parties and even kids on scooters The second bathroom in the laundry is perfectly situated for easy access from the verandah, its just inside the back door. The second home is all steel frame and is a little more than at LockUp stage with kitchen and bathrooms nearly complete, power connected, water tank connected, septic connected. Not many hobby farms have a pool like this either I call this Baliinthebush Even though the Macleay River is only an easy 6minutes drive around the corner for fishing, swimming, canoeing, you probably wont ever go because its all here at home Well maybe for Bass fishing you will. 9.83Ha. 24.2Ac grazing pockets all through the bushland House 1 3 bedrooms, 2 bathrooms ducted reverse cycle air conditioning, ceiling fans, slow combustion fire, builtin robes, dishwasher new septic trenches House 2 3 bedrooms study, 2 bathrooms walkin robe ensuite to main bedroom Shed 1 10m x 9m Shed 2 6m x 6m 6 water tanks 103,500L 4 dams 8kW solar pva back to grid Saltwater inground pool with gazebo Garden sheds, chook yard Tar road access waste collection, school bus, mail circular tarsealed driveway This hobby farm is well above the average Call any day, anytime."
Below are some similar properties in the area you may be interested in.
-
79.5%
-
-
$880,000
+
45.9%
41.9%
149.9%
6.0%
Asking Price
$950,000
Estimated Purchase Price
$1,020,000
Stamp Duty
$40,635
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$102,000
Reg. Mortgage
$164
LMI Premium
$26,265
Renovation Costs
-
Total Cash/Equity Required
$171,260
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$468,000
$666,110
Property Management
+7.7% PA
$36,036
$51,290
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
$427,427
$608,900
Interest Repayments
$60,588
$60,588
Net Cashflow Before Tax
$366,839
$548,312
Depreciation
-
-
Tax Offset
$110,052
$164,494
Net Cashflow After Tax
$256,787
$383,818
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,029,200
$3,668,311
Loan Balance
I.O
$918,000
$918,000
$1,111,200
$2,750,311
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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 Days of Supply
Sold Price
Asking Price