$3.3M
$625,901
Confidence
High
High
$3,400,000
Medium
$3,100,000
Low
$2,800,000
Confidence
Medium
"WWW.RURALSALES.COM.AU ID 3187 A rare opportunity to secure this historic mixed farming operation after 5 generations in the OLeary Family. 706 acres, approximately 40 cleared grazing operation, running 100 breeders and suitable for a variety of horticultural pursuits. Divided into 10 paddocks, with 2 creeks and 2 dams. 3 BR Queenslander style homestead overlooks the stunning property, with 4 large sheds, and stockyards. Glenmore is bordered by State Forest on 3 sides, with a reliable income from the large stands of native hardwood. Located just 15 minutes to Kempsey and 35 Minutes to Port Macquarie. DISCLAIMER This information has been obtained from our Vendors. We make no representations to its accuracy. All computer images, maps and photographs are indicative only. We are merely passing the information on. Interested parties should make their own enquiries."
-
91.8%
-
-
-$395,000
-$114,901
1.5%
1.2%
-18.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$3,300,000
Estimated Purchase Price
$3,495,000
Stamp Duty
$175,280
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$349,500
Reg. Mortgage
$164
LMI Premium
$98,761
Renovation Costs
-
Total Cash/Equity Required
$625,901
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$52,000
$74,012
Property Management
+7.7% PA
$4,004
$5,699
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
$43,459
$62,394
Interest Repayments
$207,603
$207,603
Net Cashflow Before Tax
-$164,144
-$145,209
Depreciation
-
-
Tax Offset
-$49,243
-$43,563
Net Cashflow After Tax
-$114,901
-$101,647
Assumptions
Year 1
Year 10
Property Value
6.8%
$3,310,800
$5,985,139
Loan Balance
I.O
$3,145,500
$3,145,500
$165,300
$2,839,639
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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