$820K
$120,035
Confidence
Low
High
$35,000
Medium
$25,000
Low
$15,000
Confidence
Low
"Well positioned just moments to the rivers edge and a matter of minutes to the quiet heart of Wardell village, this impressive 51 acre 20 hectare parcel presents a rare opportunity indeed. Ideally suited to the hobby farmer, a neighbour looking to extend their properties or those simply seeking a seachange in a charming Northern Rivers community, this large level block has fertile alluvial soil and the potential for dual occupancy, subject of course to council approval. The large level block has fertile alluvial soil perfect for cropping Well positioned just moments to the edge of the Richmond River Simply across the bridge to the quiet heart of Wardell village Easy access to village shops, schools, boat ramp, Patchs Beach 51 acre 20 hectare parcel presents a rare opportunity indeed Ideally suited to the hobby farmer or those seeking a sea change Within one of the Northern Rivers most charming communities 22 mins to Ballina airport, 15 mins to Alstonville and 19 mins Evans Head Potential for dual occupancy, subject of course to council approval"
-
81%
$790K
5.3%
-$5,000
+
26.0%
9.2%
10.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$30,000
Estimated Purchase Price
$30,000
Stamp Duty
$410
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$3,000
Reg. Mortgage
$164
LMI Premium
$463
Renovation Costs
-
Total Cash/Equity Required
$6,233
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$7,800
$11,102
Property Management
+7.7% PA
$601
$855
Rates
+3.0% PA
$1,067
$1,392
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
$2,755
$4,449
Interest Repayments
$1,782
$1,782
Net Cashflow Before Tax
$973
$2,667
Depreciation
-
-
Tax Offset
$292
$800
Net Cashflow After Tax
$681
$1,867
Assumptions
Year 1
Year 10
Property Value
6.8%
$26,700
$48,267
Loan Balance
I.O
$27,000
$27,000
-$300
$21,267
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 13.0%
Education and Training - 10.0%
Accommodation and Food Services - 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