$4.2M
$765,523
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Try Picki for FREEConfidence
High
High
$1,600,000
Medium
$1,400,000
Low
$1,200,000
Confidence
Medium
29-31 Toms Road, Corindi Beach, offers a rare opportunity to acquire a substantial 410-acre coastal property in a highly desirable location. This property features diverse topography with a mix of flood-free and flood-affected areas. It's conveniently located just 2.5 km from Corindi Beach and near the Pacific Highway onramp, highlighting its accessibility. The property is commercially viable, with 10 horticulture leases already in place over 20 acres, and possibilities for further expansion. Infrastructure includes a modest 3-bedroom homestead, stockproof fencing, and multiple sheds. Subdivision potential exists due to multiple titles and Crown Roads. Additionally, it has a carrying capacity of 100 cow and calf units, 6 dams, and an approved bore license. Its strategic location near Coffs Harbour ensures substantial future growth potential.
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74.2%
$1.27M
2.7%
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Try Picki for FREE$55,000
-$39,011
2.3%
Asking Price
-
Estimated Purchase Price
$1,345,000
Stamp Duty
$57,030
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$134,500
Reg. Mortgage
$164
LMI Premium
$38,007
Renovation Costs
-
Total Cash/Equity Required
$231,897
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,257
$1,640
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
$24,164
$34,942
Interest Repayments
$79,893
$79,893
Net Cashflow Before Tax
-$55,729
-$44,951
Depreciation
-
-
Tax Offset
-$16,719
-$13,485
Net Cashflow After Tax
-$39,011
-$31,466
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,495,200
$2,702,966
Loan Balance
I.O
$1,210,500
$1,210,500
$284,700
$1,492,466
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 50.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
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Average Population
Sold Price
Asking Price