$200K
$34,451
"This is a unique opportunity to secure yourself the former St Thomas Anglican Church in Willawarrin. Set on 556m2 the church is in fantastic condition with timber floors and ornate features. With power and water connected and zoned RU5, the layout would lend itself to a shop, art gallery, museum or even a lovely unique home STCA. Located in the heart of Willawarrin, close to the General StorePetrol Station, Primary School and the local Hotel, 25 minutes from Kempsey CBD. Properties in this condition are hard to find at this price point, so be quick. For further information or to arrange a viewing of this lovely church, call Dan on 0403734529 NOTE There is no sewer or septic connected to this property."
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79.5%
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$975,000
+
12.7%
9.7%
17.3%
6.0%
Asking Price
$200,000
Estimated Purchase Price
$225,000
Stamp Duty
$6,120
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$22,500
Reg. Mortgage
$164
LMI Premium
$3,472
Renovation Costs
-
Total Cash/Equity Required
$34,452
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
$1,160
$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
$21,861
$31,653
Interest Repayments
$13,365
$13,365
Net Cashflow Before Tax
$8,496
$18,288
Depreciation
-
-
Tax Offset
$2,549
$5,486
Net Cashflow After Tax
$5,947
$12,801
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,281,600
$2,316,828
Loan Balance
I.O
$202,500
$202,500
$1,079,100
$2,114,328
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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 Days of Supply
Sold Price
Asking Price