$649K
$102,960
"Positioned on a generous half acre allotment, this impressive four bedroom brick residence enjoys a rural outlook all while being only a 5 minute drive from Corowas main street. The property boasts a welldesigned layout, extensive garden areas, and abundant outdoor space. Landscaped and lowmaintenance, the front garden welcomes you into the home, featuring four generously sized bedrooms including a master with private ensuite and walkin robe. There is a vast openplan living, kitchen and meals area, ideal for both everyday living and entertaining. Complemented by a second lounge, there is plenty of space for relaxation and family gatherings. This whole area is lightfilled thanks to large windows that capture views to the surrounding garden. The wellappointed kitchen features a large induction cooktop, a spacious breakfast bar, a walkin pantry, and a stylish tiled splashback. A central bathroom with a bath and a separate toilet offer practical comfort, while the dedicated laundry with a linen cupboard adds extra storage space and functionality. The home is equipped with ducted heating and cooling throughout, as well as outdoor window blinds, ensuring a comfortable living environment no matter the season. Step outside to a covered pergola and entertaining area, ideal for yearround use and enjoyment. The expansive lawn area is bordered by a large garden bed, and there are also two outdoor sheds for extra storage. With extensive offstreet parking for multiple cars, a caravan or boat, plus a double garage with internal access, this property is perfectly equipped for those with a love for adventure. A short golf buggy trip takes you straight to the Corowa Golf Club, making it easy to enjoy a relaxed retirement lifestyle filled with regular rounds of golf. The close proximity to the Murray River offers additional opportunities for leisurely activities, such as fishing, boating, or simply enjoying the serene riverfront. With both the golf course and river access right at your doorstep, this property is perfect for those seeking an active yet peaceful retirement in a beautiful setting. This property represents an incredible opportunity to enjoy space, quality and an unbeatable location. Contact Luke Moloney on 0447 780 999 today to arrange a viewing."
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77.7%
$485K
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-$165,000
-$13,849
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-13.2%
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Asking Price
$649,000
Estimated Purchase Price
$630,000
Stamp Duty
$23,085
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$63,000
Reg. Mortgage
$164
LMI Premium
$16,223
Renovation Costs
-
Total Cash/Equity Required
$104,668
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$583
$761
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
$17,638
$25,574
Interest Repayments
$37,422
$37,422
Net Cashflow Before Tax
-$19,784
-$11,848
Depreciation
-
-
Tax Offset
-$5,935
-$3,554
Net Cashflow After Tax
-$13,849
-$8,294
Assumptions
Year 1
Year 10
Property Value
6.8%
$496,620
$897,771
Loan Balance
I.O
$567,000
$567,000
-$70,380
$330,771
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 17.0%
Accommodation and Food Services - 12.0%
Retail Trade - 8.0%
Others - 44.0%
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