$2.2M
$388,582
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Try Picki for FREEConfidence
High
High
$1,500,000
Medium
$1,350,000
Low
$1,200,000
Confidence
Medium
This exceptional property, located 15 minutes west of Kempsey CBD, offers two newly renovated homes with sandstone facades on a stunning 32.5-acre riverfront. The main house boasts three bedrooms with spacious walk-in wardrobes and a wraparound verandah showcasing magnificent mountain views. A second home with two bedrooms offers opportunities for rental income or family use. The property features abundant wildlife, a large water-lily covered dam with a gazebo and pontoon, a saltwater swimming pool, and magical grottoes. Fully self-sufficient, it includes solar panels, large rainwater tanks, a vast vegetable garden, and various fruit and nut trees, making it an ideal sanctuary offering both serenity and opportunities for an extraordinary lifestyle.
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83.9%
$819K
3.5%
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Try Picki for FREE-$150,000
-$38,668
2.8%
Asking Price
$1,500,000
Estimated Purchase Price
$1,500,000
Stamp Duty
$65,555
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$150,000
Reg. Mortgage
$164
LMI Premium
$42,387
Renovation Costs
-
Total Cash/Equity Required
$260,302
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
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
$33,860
$48,731
Interest Repayments
$89,100
$89,100
Net Cashflow Before Tax
-$55,240
-$40,369
Depreciation
-
-
Tax Offset
-$16,572
-$12,111
Net Cashflow After Tax
-$38,668
-$28,258
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,350,000
$1,350,000
$91,800
$1,256,431
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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
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
No data available
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Average Days of Supply
No data available
Average Population
Sold Price
Asking Price