$1.2M
$191,144
"Attention all doctors, nurses, ambos, firies and anyone needing to be less than 10minutes from town. Heres one for you And attention to anyone searching for a spacious and modern family home on acreage that has town water Bingo Heres one for you This large family home will accommodate so many family requirements yes including the dogs The floodfree, tarroad location on the western fringe of Kempsey put you less than five minutes to the hospital, less than 8minutes to the fire station, less than 10 minutes to the Kempsey town center. The home rests on a block that is a nice balance of opencleared country and natural bushland.The block also features a long tar road frontage and so has the perfect design for any future zoning changes and subdivisiondevelopment. It is also a wonderful distance from neighbours. Exciting to note this zoning is permitted to have a second dwelling of any size, at any location on the block, as long as you enterexit the property using the same driveway subject to DA. Plus this zoning permits the erection of an agricultural shed up to 200sqm without a DA anything over that size requires a DA. A very excited property with so much potential and opportunity. 8Ha 20acres Zoning RU2 13yr old spacious family home brick veneer, tiled roof. 5 bedrooms, 2 bathrooms, 2 garage Formal lounge Kitchendining new electric stove, electric oven, dishwasher Family room full wall storage cupboards 3 way main bathroom Massive main bedroom walkin robe ensuite All other bedrooms have builtin robes Large covered rear patio Ducted reverse cycle air conditioning Ceiling fans Security screens, key lock windows Town water 2 x 10,000L water tanks 9.9kW solar pva Bio cycle septic Mains power Tar road Full boundary large house yard fenced in exclusion fence mesh wire fenced house yard Satellite NBN Call any day, anytime."
Below are some similar properties in the area you may be interested in.
5.6%
74.9%
-
-
$80,000
-$27,907
3.0%
2.4%
-14.6%
6.0%
Asking Price
$1,200,000
Estimated Purchase Price
$1,120,000
Stamp Duty
$45,135
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$112,000
Reg. Mortgage
$164
LMI Premium
$31,649
Renovation Costs
-
Total Cash/Equity Required
$191,144
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$26,660
$38,484
Interest Repayments
$66,528
$66,528
Net Cashflow Before Tax
-$39,868
-$28,044
Depreciation
-
-
Tax Offset
-$11,960
-$8,413
Net Cashflow After Tax
-$27,907
-$19,631
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,281,600
$2,316,828
Loan Balance
I.O
$1,008,000
$1,008,000
$273,600
$1,308,828
Did you know you need to engage a conveyancer when buying a property?
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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