$1.95M
$342,768
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Medium
High
$2,000,000
Medium
$1,800,000
Low
$1,600,000
Confidence
Not Found
-
Street Statistics
Public Housing (%)
0%
Owner Occupiers (%)
78.5%
Median Street Sold Price
$795K
Median Street Rental Yield
2.9%
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Property
Very Poor
Street
Very Good
Suburb
Average
Overall
Very Poor
Under Market Value
-$150,000
Net Cashflow PA
-$84,263
Gross Yield
-
Purchase Costs
Asking Price
$1,950,000
Estimated Purchase Price
$1,950,000
Stamp Duty
$90,305
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$195,000
Reg. Mortgage
$164
LMI Premium
$55,103
Renovation Costs
-
Total Cash/Equity Required
$342,768
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Expenses
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,169
$1,525
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
-$4,546
-$5,931
Interest Repayments
$115,830
$115,830
Net Cashflow Before Tax
-$120,376
-$121,761
Depreciation
-
-
Tax Offset
-$36,113
-$36,528
Net Cashflow After Tax
-$84,263
-$85,233
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,922,400
$3,475,242
Liabilities
Loan Balance
I.O
$1,755,000
$1,755,000
Net Equity
$167,400
$1,720,242
Property Inspection Report
Property Overview
Explore a sprawling 86.69-acre estate featuring a main stone Color Bond home with 4 spacious bedrooms and 3 bathrooms, including an ensuite in the master bedroom. A rosewood staircase adds charm, and there's a 2-bedroom, 1-bathroom front cottage for guests or rental income. The property boasts a massive 17 x 36 x 4.9 meter enclosed and insulated shed with solar panels and battery storage. Two underground concrete tanks support water needs. Take advantage of native rainforest surroundings and excellent access to the Little Murray River. Located just 11km from Dorrigo, it's a peaceful escape with functional amenities. Council rates are $1,467.09 annually.
Inspection Checklist
- Verify the total size of cleared land around the dwellings.
- Inspect the main home for any structural issues due to age or weather.
- Check the functionality of air conditioning and heater (if available) in the main bedroom.
- Examine the flooring condition, particularly around the rosewood staircase.
- Verify the condition and legality of the cottage as a livable dwelling.
- Inspect the shed's structural integrity and the effectiveness of insulation.
- Determine the total capacity of the underground concrete tanks.
- Confirm the bore water system's functionality and water quality.
- Assess road conditions leading to the property, especially during adverse weather.
- Explore the rainforest area for potential conservation issues or restrictions.
- Check access to the Little Murray River and rights for usage.
- Review historical rainfall data and assess impact on the property.
- Clarify current local council development restrictions.
- Assess the condition of the property's overall infrastructure.
- Verify the current council rates accurately for budgeting.
Questions for Agent
- What is the exact capacity of the underground concrete water tanks?
- Are there any existing warranties or service records for the air conditioning units?
- Can you clarify the legal status of the cottage regarding occupancy?
- How often has the bore water system been serviced, and are there quality reports available?
- What is the condition of the road leading to the property in adverse weather conditions?
- Are there any restrictions or conservation requirements due to the native rainforest?
- Can you provide more details on the rights and access to the Little Murray River?
- What kind of maintenance or renovations does the main property require?
- Are there any local laws or council restrictions affecting future development?
- Have there been any issues with flooding or waterlogging on the property?
- Can you provide a breakdown of the current local council development restrictions?
- Is there any history of repair work or damages to the shed, especially concerning the roof?
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Location Opportunity
Area of Bellingen statistics
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
13,253
2021 Population
25
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Very Diverse
Health Care and Social Assistance - 15.0%
Accommodation and Food Services - 10.0%
Retail Trade - 10.0%
Agriculture, Forestry and Fishing - 9.0%
Others - 56.0%
income growth
Very High
Average Income
COMMUTE TIME
149mins
76kms
Poor
Pr
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Li
Po
Population Growth
Average Population
SUPPLY vs POPULATION
Projected Population Growth
1.0%
projected
for 2025 to 2027
Low
Su
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2.1%
High
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Poor
Average Rental Yield
VACANCY RATE
Very Good
Average Vacancy Rate
Days of Supply
Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Good
Average Population
Pricing
Sold Price
Asking Price
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