$980K
$147,355
"Experience the tranquillity of a countrycoastal lifestyle in picturesque East Edge Estate, located just 10minutes to facilities at Kempsey and 20minutes from the famous surfing destination at Crescent Head on the NSW Mid North Coast. Nestled on a verdant 2.5 acre lot neighbouring lush woodlands discover a modern 5bedroom country style family home that captures a peaceful view of greenery from almost every room. At the heart of the home is a spacious open plan kitchen, dining, and family room that opens up to an alfresco and sandstone enclosure, perfect to create an inviting fire pit area. A separate medialounge room is a quiet escape, and a sprawling 5bedroom wing includes a master bedroom with its own ensuite and walkin robe. For year round comfort there is ceiling fans in all bedrooms, RC air conditioning in main living, and a cosy wood fire place. Durable timber floors add to the country charm of the home. Further notable inclusions are built in robes in all guest bedrooms, stone benchtops, industrialstyle pendant lighting and a stainless steel freestanding cooktop and oven. Outdoors offers the convenience of a fenced enclosure around the house, a horse paddock, 2bay 8m x 10m colorbond shed, paved walkway to a 7m x 4m shed, and a double garage with indoor access. An expanse of energy saving solar panels and water tanks further contribute to the sustainability of this rural sanctuary. Surrounded by spectacular National Park, the property is easily accessible to the Pacific Highway and is within proximity to quaint coastal villages and an array of stunning beaches. This is a wonderful opportunity to escape the hustle and bustle and enjoy the best of country living in a community oriented lifestyle estate. Property Descriptions Modern 5bedroom family home on 25 acre lot Sought after East Edge Estate just 20mins to coast Timber floors, cosy wood fire, RC air con, ceiling fans Chic stone and white kitchen with quality appliances Secure shedding, fenced enclosure, horse paddock Expansive solar panels, easy care native gardens Access to lush woodlands, stunning birdlifewildlife Proximity to coastal villages, 10minutes to Kempsey Ultimate countrycoastal lifestyle in peaceful setting Property Details Council Rates 2,579 pa approx. Land Size 10050m2 Disclaimer The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters"
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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%
-
-
$790,000
+
364.0%
290.6%
547.6%
6.0%
Asking Price
$10,000
Estimated Purchase Price
$10,000
Stamp Duty
$125
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$1,000
Reg. Mortgage
$164
LMI Premium
$154
Renovation Costs
-
Total Cash/Equity Required
$3,639
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
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
$29,060
$41,900
Interest Repayments
$594
$594
Net Cashflow Before Tax
$28,466
$41,306
Depreciation
-
-
Tax Offset
$8,540
$12,392
Net Cashflow After Tax
$19,926
$28,914
Assumptions
Year 1
Year 10
Property Value
6.8%
$854,400
$1,544,552
Loan Balance
I.O
$9,000
$9,000
$845,400
$1,535,552
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