Withheld
$121,743
Confidence
Medium
High
$780,000
Medium
$760,000
Low
$740,000
Confidence
Medium
"Positioned on a generous 1,172 sqm block, this charming home offers a stunning backdrop of rolling green farmland and breathtaking views of the Watagan Range. In the serene township of Millfield, peace and tranquillity are always at your doorstep. After 31 wonderful years filled with memories, its time for a new family to embrace the slowerpaced lifestyle and enjoy the fresh country air, perfect for kids to grow up in. As you approach, youll find a welcoming white picket fence and a wraparound verandah, where you can relax on the rear patio, soaking up the northerly sun and the occasional moo of nearby cows. Inside, the home features a formal lounge, an openplan family area, a dining space, and a wellappointed kitchen, along with four robed bedrooms and two bathrooms. With a large triple garage and carport plus mezzanine and workshop space, all your parking and storage needs are covered. While the home is already comfortable as is, theres also plenty of potential for modern updates if you wish. Convenience is key, with Millfield Central General Store, caf, and fuel station just 700 metres away. Plus, youre only a 20minute drive from the renowned vineyards, topnotch restaurants, and concert venues of Wine Country, and just 15 minutes to Cessnock for all your shopping needs. With Northern Sydney about 90 minutes away and Newcastle just over an hours drive, this is an ideal spot for weekend getaways or a peaceful place to call home. Single level bricktile home, 1172sqm block, north facing backyard overlooking farmland Split system ac, ceiling fans and wood fire keep things comfortable year round Electricequipped kitchen All four bedrooms fitted with builtin robes, main with ensuite Fenced yard with raised veggie beds and shed 9m x 9m garage plus triple carport Millfield Public School 900m, Mount View High 13.3km, St Philips Christian College 17.3km This information has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information."
-
79.1%
-
-
$30,000
-$15,064
3.9%
3.0%
-12.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$730,000
Stamp Duty
$27,585
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$73,000
Reg. Mortgage
$164
LMI Premium
$18,798
Renovation Costs
-
Total Cash/Equity Required
$121,743
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,179
$1,538
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
$21,842
$31,628
Interest Repayments
$43,362
$43,362
Net Cashflow Before Tax
-$21,520
-$11,734
Depreciation
-
-
Tax Offset
-$6,456
-$3,520
Net Cashflow After Tax
-$15,064
-$8,214
Assumptions
Year 1
Year 10
Property Value
6.8%
$811,680
$1,467,324
Loan Balance
I.O
$657,000
$657,000
$154,680
$810,324
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Education and Training - 9.0%
Others - 51.0%
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