$1.2M
$200,743
Confidence
High
High
$920,000
Medium
$820,000
Low
$720,000
Confidence
Medium
"For those wanting to experience a rural lifestyle, have room for the extended family or a passive income, this is the property that you need to inspect. Located on the edge of the small village of Byabarra, and just a few minutes walk to the boutique licensed Byabarra Cafe Coffee shop, you can enjoy country living without being remote. School bus pickup is about 50 metres away and a pleasant 20 minute drive to Wauchope and about 40 minutes to the beaches and diverse shopping of Port Macquarie. Sitting on a gently sloping and private, fully fenced 9346sqm block with a view across the neighbouring farmland, are 3 separate residences, all have been beautifully renovated and immaculately presented and surrounded by easy maintained gardens and lawns. Residence 1. 2 bedrooms with built in robes. The bathroom has had a complete makeover with a free standing bath. The near new kitchen has plenty of bench space and is fitted with the chefs dream, a Falcon stove, gas cook top and electric oven, exhaust fan, a dishwasher and plenty of storage. The meals and living area have 3 metre ceilings, air conditioning, combustion heating, opening to a spacious entertaining deck with a view across the valley. This residence is complete with a disability ramp. Residence 2. Immaculately renovated, 1 bedroom, mostly open plan living areas, air conditioned with ceiling fans, high ceilings and spacious. It includes a modern kitchenette and bathroom. There is a large verandah and a covered entertaining area at the front. A DA is current for those considering joining residences 1 and 2 to give the homes more family and living areas. Residence 3. Set apart from residence 1 and 2 and providing an option as a rental or a BB. 1 bedroom and lounge area combined, open plan kitchenette and meals. Newly updated bathroom and front deck with a view. Ceiling fans and combustion heating. Water security is a feature of the property with numerous rain water tanks including a new 110,000 litre steel tank. The 12 x 14m colorbond shed is a further feature of the property. For the younger members of the family the playgroundwill keep the kids occupied for hours. This is an unique property, seldom found on the market and will be keenly sought after. Call Barry on 0438 851 353 for additional information or to book a private inspection."
-
85.1%
-
-
$10,000
-$18,387
3.5%
2.7%
-13.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$810,000
Stamp Duty
$31,185
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$81,000
Reg. Mortgage
$164
LMI Premium
$20,858
Renovation Costs
-
Total Cash/Equity Required
$135,403
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,174
$1,532
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
$21,847
$31,634
Interest Repayments
$48,114
$48,114
Net Cashflow Before Tax
-$26,267
-$16,480
Depreciation
-
-
Tax Offset
-$7,880
-$4,944
Net Cashflow After Tax
-$18,387
-$11,536
Assumptions
Year 1
Year 10
Property Value
6.8%
$875,760
$1,583,166
Loan Balance
I.O
$729,000
$729,000
$146,760
$854,166
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Accommodation and Food Services - 10.0%
Education and Training - 10.0%
Others - 50.0%
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