$870K
-
Confidence
High
High
$785,000
Medium
$725,000
Low
$675,000
Confidence
Moderate
"This quality newly fully renovated family home situated on a quiet street in East Wardell offers a completely separate 2 bedroom unit currently rented at 500pw. Just a short distance to Ballina, BallinaByron airport beaches this property also offers convenient rear lane access to the property. Features Main Residence 3 bedrooms, master with ensuite and walkin robe New well designed kitchen with dishwasher, pantry, soft close drawers ... a chefs delight Open plan lounge dining and family room with aircon Ceiling fans throughout for comfortable summer living 3 way main bathroom with separate bath Laundry with space and storage Double remote garage with internal access Plus double carport Fabulous outdoor entertaining area with spa Private backyard with Colorbond fencing Vegetable garden and garden shed Energy saving solar panels Additional detached unit currently tenanted at 500pw with separate entrance Property offers convenient rear lane access NB The property was affected in the 2022 flood event, to a level of 0.7m. It has never been flooded before, it was a 1500 yr event. The home plus rental unit has been renovated to a high standard. We encourage inspection of this property by the investor or the larger family. With options for extended family living or income, this property offers many lifestyle possibilities and inspections are invited with exclusive agent Vicki Heathwood."
-
53.8%
$985K
3.3%
-$35,000
-$17,241
3.6%
2.7%
-13.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$870,000
Estimated Purchase Price
$760,000
Stamp Duty
$28,935
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$76,000
Reg. Mortgage
$164
LMI Premium
$19,570
Renovation Costs
-
Total Cash/Equity Required
$126,865
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
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
$20,514
$29,724
Interest Repayments
$45,144
$45,144
Net Cashflow Before Tax
-$24,630
-$15,420
Depreciation
-
-
Tax Offset
-$7,389
-$4,626
Net Cashflow After Tax
-$17,241
-$10,794
Assumptions
Year 1
Year 10
Property Value
6.8%
$774,300
$1,399,750
Loan Balance
I.O
$684,000
$684,000
$90,300
$715,750
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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