$1.15M
$179,798
"Nestled in an enclave of prestige homes, in a development of only four one hectare lots, sits this hidden opportunity to enjoy the ultimate family lifestyle. This sprawling master built home boasts amazing features. Ornate redgum timber floors greet you in the spacious foyer, which in turn leads you to the kitchen and family areas, which flows onto the large entertaining decks with vast views that overlook the river. The kitchen is an entertainers dream. Create culinary masterpieces on the granite countertops and SMEG appliances and, whilst entertaining, interact with family and friends in the adjacent dining and living area and open the French Doors to incorporate the deck and the incredible views. The master bedroom boasts a large walk in robe, ensuite, gorgeous bay windows and a sunlit northern perspective which floods the room with ambient light. The remaining two bedrooms are large enough for queen sized beds and also have built in wardrobes. They are serviced by the main bathroom with shower, spa bath and floor to ceiling tiles. The cleverly designed laundry also has a separate toilet. A secondary living area could be utilised as a study, media room, teenagers retreat or a spacious fifth bedroom. At the eastern side of the home is a large self contained living area, kitchenette, large bedroom and ensuite which would be ideal for intergenerational living, or income potential through rental, or Air BB. Ducted airconditioning and vacuuming, a 3 kilowatt solar system, garaging for 6 cars, a drive through portico, a fully fenced yard and 70,000 litre water tanks all combine to provide contemporary convenience and lifestyle. The thoughtfully designed landscaping, concrete driveway, established gardens, citrus, flowering and deciduous and evergreen trees and shrubs, a chicken coop, stable and a gorgeous deck over the river, ideal for casting a line or enjoying a drink in the evening, all combine to encourage designer living with attention to all the details that will ensure that this is a family home that will delight the generations to come. Only a 5 minute drive to the Kempsey CBD, a quick commute on the freeway to both Coffs Harbour or Port Macquarie, a short drive to the coastal havens of Crescent Head, South West Rocks and Hat Head, zoned for Aldavilla Public school and close to private primary and secondary schooling options. This property represents a unique opportunity. Call Team Edwards for a private inspection."
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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
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%
-
-
-$810,000
-$39,377
1.8%
1.3%
-19.0%
6.0%
Asking Price
$1,300,000
Estimated Purchase Price
$1,210,000
Stamp Duty
$49,605
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$121,000
Reg. Mortgage
$164
LMI Premium
$34,192
Renovation Costs
-
Total Cash/Equity Required
$207,157
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,621
$22,772
Interest Repayments
$71,874
$71,874
Net Cashflow Before Tax
-$56,253
-$49,102
Depreciation
-
-
Tax Offset
-$16,876
-$14,731
Net Cashflow After Tax
-$39,377
-$34,372
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$1,089,000
$1,089,000
-$661,800
-$316,724
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