$800K
$150,770
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Try Picki for FREEConfidence
Medium
High
$2,200,000
Medium
$2,000,000
Low
$1,800,000
Confidence
Not found
This 45-acre property in the Tweed area offers a unique opportunity for transformation into an equestrian retreat. Formerly a sugar cane farm, it possesses the infrastructure to support over 30 head of cattle. Comprehensive development plans are prepared, featuring a dressage arena, multi-purpose 'shouse', storage sheds, and stables, all pending council approval. Located just 8 minutes from Cabarita Beach and conveniently close to the highway, the property combines serene rural living with access to coastal attractions. Notably, there is no dwelling entitlement. The potential for equestrian or agricultural ventures makes it a rare and valuable find.
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65.6%
$1.86M
2.7%
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Try Picki for FREE$30,000
-$85,261
-
Asking Price
-
Estimated Purchase Price
$1,970,000
Stamp Duty
$91,405
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$197,000
Reg. Mortgage
$164
LMI Premium
$55,668
Renovation Costs
-
Total Cash/Equity Required
$346,433
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,407
$1,836
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
-$4,784
-$6,242
Interest Repayments
$117,018
$117,018
Net Cashflow Before Tax
-$121,802
-$123,260
Depreciation
-
-
Tax Offset
-$36,541
-$36,978
Net Cashflow After Tax
-$85,261
-$86,282
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Loan Balance
I.O
$1,773,000
$1,773,000
$363,000
$2,088,380
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Accommodation and Food Services - 11.0%
Education and Training - 9.0%
Others - 49.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price