$500K
$87,824
"This immaculate home offers great value with its generous block size, double garage, solar panels, and modern features. Situated on a 647m2 block, the property boasts side access to a fully fenced, spacious backyard that adjoins a nature reserve. Convenience is key located within easy reach of schools, shops, and facilities. The A1 Pacific Highway is only a 6minute drive away, and the picturesque seaside town of Crescent Head is just a short 15minute drive. Step inside and youll be greeted by a beautifully presented interior. The home is filled with quality inclusions, including resort plantation shutters, reverse cycle cooling heating, and ceiling fans throughout. The chic kitchen is a standout featuring a waterfall edge stone island bar. The master bedroom is complete with a walkin robe and a stylish ensuite. Two additional bedrooms are serviced by the main bathroom, which perfectly complements the colour palette of the ensuite. The living area is light and bright, opening onto an alfresco entertaining area that overlooks the lush green backyard. The backdrop of tranquil treelined views creates the illusion of even more space. With absolutely nothing to be done and priced realistically, it really is the ideal investment property. Due to the continued growth of the beautiful Macleay Valley and Mid North Coast Region, investing or nesting, this property is sure to be a rewarding asset for your future. Property Descriptions Modern home on large block with side access Securely fenced backyard, reserve to rear Quality inclusions throughout, AC, solar panels Chic kitchen features waterfall edge stone island Stylish bathrooms, master suite, lightfilled living Garden shed, built in robes, WIR, linen storage Discover nearby quaint villages stunning beaches Great investment property and priced to sell quickly Property Details Council Rates Approx 3,283.10 pa Land Size 647 sqm 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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12.4%
67.4%
$293K
7.1%
$5,000
-$5,905
5.4%
3.9%
-9.2%
6.0%
Asking Price
-
Estimated Purchase Price
$405,000
Stamp Duty
$12,960
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$40,500
Reg. Mortgage
$164
LMI Premium
$8,085
Renovation Costs
-
Total Cash/Equity Required
$63,905
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,621
$22,772
Interest Repayments
$24,057
$24,057
Net Cashflow Before Tax
-$8,436
-$1,285
Depreciation
-
-
Tax Offset
-$2,531
-$386
Net Cashflow After Tax
-$5,905
-$900
Assumptions
Year 1
Year 10
Property Value
6.8%
$437,880
$791,583
Loan Balance
I.O
$364,500
$364,500
$73,380
$427,083
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