$420K
$61,430
"Wellloved and welllooked after, this home feels like nan and pops house. A true hidden gem, it offers a delightful blend of character and potential, awaiting your personal touch to bring it to its full glory. Sitting on a generous 683 sqm lot, this wellloved and meticulously caredfor residence is in great condition, while it could use some contemporary flooring upgrades and a touch of paint here and there, the home retains its timeless appeal and is ready to welcome new owners. Features include 3 bedrooms 1 bathroom 683sqm Air conditioning Front porch Established gardens Spacious backyard Greenhouse Rural outlook Approx. 5km to Kempsey Town Centre Rental potential of 420440 per week in its current condition Located on a quiet street in Greenhill this home has the potential for anything, whether youre a firsthome buyer or looking to expand your investment portfolio, this home is for you. Contact Josh today on 0448 637 509 for further information and to arrange a viewing. DISCLAIMER All information contained herein is gathered from sources we believe to be reliable we cannot however guarantee its accuracy and interested parties should make and rely on their own inquiries."
Below are some similar properties in the area you may be interested in.
5.6%
74.9%
-
-
$35,000
-$7,633
4.7%
3.1%
-12.4%
6.0%
Asking Price
$420,000
Estimated Purchase Price
$390,000
Stamp Duty
$12,285
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$39,000
Reg. Mortgage
$164
LMI Premium
$7,786
Renovation Costs
-
Total Cash/Equity Required
$61,431
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
$23,166
$23,166
Net Cashflow Before Tax
-$10,904
-$5,176
Depreciation
-
-
Tax Offset
-$3,271
-$1,553
Net Cashflow After Tax
-$7,633
-$3,623
Assumptions
Year 1
Year 10
Property Value
6.8%
$453,900
$820,543
Loan Balance
I.O
$351,000
$351,000
$102,900
$469,543
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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.
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