Withheld
$135,403
"Nestled in sought after Verges Creek, this beautifully renovated Queenslander offers a perfect blend of classic charm and modern convenience on a rare fiveacre parcel. With a stunning wraparound verandah, three spacious bedrooms, two with an additional WC and the main with a walk in wardrobe, and an elegantly renovated bathroom which includes a New York style laundry, this home has been carefully curated to embrace a sophisticated rural lifestyle. The expansive openplan kitchen and living area create a welcoming space for family life and entertaining, and are serviced by inbuilt premium appliances, a custom designed walk in pantry with bespoke cabinetry and generous storage. With downlights, a freshly painted interior and exterior, large over height internal doors, and bespoke finishes, the attention to detail in this home is apparent. Comfort is assured yearround with ducted air conditioning and ceiling fans throughout the main house, sliding doors leading out onto the deck, and additionally, the high ceilings promote cross ventilation. Likewise energy and maintenance costs are kept to a minimum with 29 solar panels, five batteries, and four 23,000L water tanks, and with new gutter guard mesh on all gutters, the property is well equipped to support a more sustainable and self sufficient lifestyle. The recently renovated, fully tiled granny flat boasts two bedrooms, a modern and contemporary kitchen, bathroom and large living space and has fans and airconditioning throughout. This presents an option for Air BB or rental return, intergenerational living, or work from home convenience. A highlight is the external facilities which comprise of two large sheds, both with concrete flooring and power, one measuring 24m x 10m and the other 7m x 16m with an attached double carport, both with extrahigh clearance suitable for large vehicles, boats, caravans or horse floats. Theres also a versatile site shed that can be used as an office or additional storage A perfect family lifestyle opportunity awaits, with excellent private and public schooling options, the delights of the neighbouring villages of Gladstone and Smithtown close by, the hub of the community in Kempsey a short 5 minute drive, and Port Macquarie an easy 40 minute commute as well as the acclaimed Crescent Head, South West Rocks and Hat Head beaches all in close proximity. Call now to register 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
-
85.9%
-
-
$10,000
-$16,697
3.9%
3.0%
-12.3%
6.0%
Asking 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
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$24,261
$35,068
Interest Repayments
$48,114
$48,114
Net Cashflow Before Tax
-$23,853
-$13,046
Depreciation
-
-
Tax Offset
-$7,156
-$3,914
Net Cashflow After Tax
-$16,697
-$9,132
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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