$369K
$65,554
"Are you looking for your next chapter Or looking to expand your investment portfolio Heres one for you. This 3bedroom home sits on approx. 500 sqm block and is located within walking distance of essential amenities. The property also stands to benefit from new developments, with councilapproved DA to go ahead with building a new Supermarket, Shops, and Doctors Surgery across the road. With MU1 zoning, it means you could also do something similar with this block but on a smaller scale. This property has been a great investment for the current owners, and is now available to be yours, the current tenants are paying 430 per week. Features Include 3 bedrooms 2 large, 1 on the smaller side 1 bathroom with a separate toilet Carport plus workshop space Side access to the backyard Polished timber flooring throughout Approx. 2.5km to Kempsey Town Centre Approx. 45km to Port Macquarie Currently rented for 430 per week with the tenant in a lease. Zoning Mixed Use MU1 to encourage a diversity of business, retail, office and light industrial land uses that generate employment opportunities This home sits so close to town and is within walking distance to high schools, Primary Schools, and the general store, making this home the perfect choice for anyone needing easy access to essential amenities or anyone looking to expand their investment portfolio. 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.
4.1%
64.5%
$404K
5.1%
$20,000
-$4,322
6.0%
4.3%
-7.3%
6.0%
Asking Price
$349,000
Estimated Purchase Price
$375,000
Stamp Duty
$11,610
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$37,500
Reg. Mortgage
$164
LMI Premium
$7,486
Renovation Costs
-
Total Cash/Equity Required
$58,956
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,360
$31,825
Property Management
+7.7% PA
$1,722
$2,451
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
$16,101
$23,455
Interest Repayments
$22,275
$22,275
Net Cashflow Before Tax
-$6,174
$1,180
Depreciation
-
-
Tax Offset
-$1,852
$354
Net Cashflow After Tax
-$4,322
$826
Assumptions
Year 1
Year 10
Property Value
6.8%
$421,860
$762,623
Loan Balance
I.O
$337,500
$337,500
$84,360
$425,123
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