$990K
$155,039
"Opportunities like this are very, very rare With an enviable 8.5 hectares on the river on the outskirts of town, a gorgeous, quaint, charming three bedroom home with separate studio and bathroom and amazing rural views, this property is a unique, rare and unusual opportunity for an equine business or hobbyist, a developer, a home based business, or a family wanting all the country lifestyle can offer. The kitchen boasts a traditional wood burning aga stove and airconditioner and flows to a dining area, generous lounge room, three bedrooms and a bathroom. The home is immaculately presented and has the charm of old but could be easily updated with a few cosmetic tweaks. Multiple undercover car spaces, a separate large shed for caravan, horse float or boat parking, 6.6 KW of solar panels and 10 solid brick stables complete this standout property. There are two separate lots, one zoned Large Lot Residential R5 and the other is zoned Primary Production RU1. River access for the boating enthusiast with deep water frontage onto the beautiful Macleay River is perfect for recreational boating or fishing. Highly fertile cattle grazing currently running 20 head, with timber cattle yards and ramp and a constant water supply via dams provide the opportunity for multiple income streams for cattle primary production, equestrian and thoroughbred pursuits or market gardens. With Kempsey CDB only minutes away this property provides access to all convenient amenities, excellent education and school options, town water, council waste disposal, public transport and the acclaimed coastal communities of Crescent Head, Hat Head, Port Macquarie, Coffs Harbour and South West Rocks only a short drive away. Come and live a holiday lifestyle all year round"
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Location, 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
5.6%
74.9%
-
-
-$500,000
-$24,839
2.8%
2.1%
-16.0%
6.0%
Asking Price
$990,000
Estimated Purchase Price
$925,000
Stamp Duty
$36,360
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$92,500
Reg. Mortgage
$164
LMI Premium
$23,819
Renovation Costs
-
Total Cash/Equity Required
$155,039
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
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
$19,461
$28,237
Interest Repayments
$54,945
$54,945
Net Cashflow Before Tax
-$35,484
-$26,708
Depreciation
-
-
Tax Offset
-$10,645
-$8,012
Net Cashflow After Tax
-$24,839
-$18,696
Assumptions
Year 1
Year 10
Property Value
6.8%
$453,900
$820,543
Loan Balance
I.O
$832,500
$832,500
-$378,600
-$11,957
Did you know you need to engage a conveyancer when buying a property?
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