$1.85M
$300,618
"Welcome to 1415 Belmore River Right Bank Road, where tranquil riverfront living on 64.4Ha 159.1Ac blends seamlessly with coastal charm. Enjoy the best of rural life with the beach just a stones throw away, so close that you can hear the waves crashing on a clear night. This spacious 4bedroom, 3bathroom home offers the perfect retreat for family living, combining comfort, style, and serenity. The coastal village of Crescent Head is just a 10minute drive away, offering all the essentialsfrom general stores to pubs, restaurants, cafes, parks, and sporting facilities. In the opposite direction, Gladstone is only 15 minutes away and provides everything you need. Both Crescent Head and Gladstone have primary schools, with the school bus picking up right at your front door for added convenience. Outside features Belmore River frontage Sits on 64.4Ha 159.1Ac of prime land Above ground, pool builtin to the front deck, overlooking Belmore River Multiple entertaining areas Stockyards Established gardens Water tanks Tar road frontage 3 car garage with a studio at the rear Large machineryhay shed built high on a mound Old bales Stunning views at all times of the day Inside the home features 4 spacious bedrooms 3 modern bathrooms Hardwood timber flooring throughout Fireplace Ceiling fans throughout Modern kitchen with large island bench, and dishwasher High ceilings This property presents a onceinalifetime opportunity to embrace rural living while enjoying the stunning coastal beaches just minutes away. Dont miss outcall now to arrange a private viewing Contact Carlos Peters on 0427 256 570 or Braithan Lewis on 0488 626 999. Borders are indicative only DISCLAIMER All information contained herein is gathered from sources we believe to be reliable we cannot however guarantee its accuracy and all interested parties should make and rely on their own inquiries."
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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
-
63.4%
-
-
-$770,000
+
9.1%
8.1%
8.7%
6.0%
Asking Price
$1,850,000
Estimated Purchase Price
$1,720,000
Stamp Duty
$77,655
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$172,000
Reg. Mortgage
$164
LMI Premium
$48,604
Renovation Costs
-
Total Cash/Equity Required
$300,618
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$156,000
$222,037
Property Management
+7.7% PA
$12,012
$17,097
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
$139,451
$199,020
Interest Repayments
$102,168
$102,168
Net Cashflow Before Tax
$37,283
$96,852
Depreciation
-
-
Tax Offset
$11,185
$29,056
Net Cashflow After Tax
$26,098
$67,796
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$1,548,000
$1,548,000
-$533,400
$286,155
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