$729K
-
"Heres the perfect option for those seeking larger acreage. The property includes a three bedroom home positioned on approximately 50 acres. The home is a lowset hardiplank structure with features including Three good sized bedrooms all with builtin wardrobes ceiling fans. Large airconditioned open plan living area incorporating lounge dining. Galley style kitchen with ample bench storage space. Bathroom with shower over bath plus separate toilet. Large covered verandah outdoor entertaining area with fantastic outlook. Ample water with three large water tanks heritage water tank is 111,500 litres plus 2 concrete x 22,700 litre tanks. Fully fenced house yard. Solar hot water system The property is currently setup for equestrian use with other improvements including Four 4 bay machinery shed with one secure lockable bay. Ample water supply for livestock with four 4 dams, one dam has been specifically designed to walk horses into and swim them. Five 5 separately fenced paddocks. Numerous multi purpose structures currently being utilised as stables storage. A truly rural retreat with approximately 50 of the block cleared with moderately undulating slopes providing a great outlook and sense of space. The property offers the best of both worlds providing a great rural lifestyle while all being within an hours drive of the large townships of both Maryborough Bundaberg. CONTACT THE AGENT TO ORGANISE AN INSPECTION"
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61.4%
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-$25,000
-$14,286
3.9%
2.8%
-13.2%
6.0%
Asking Price
$729,000
Estimated Purchase Price
$640,000
Stamp Duty
$21,825
Transfer Fee
$2,162
Conveyancing
$1,665
Deposit (10%)
$64,000
Reg. Mortgage
$224
LMI Premium
$18,072
Renovation Costs
-
Total Cash/Equity Required
$108,499
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$1,780
$2,322
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$17,607
$25,704
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$20,409
-$12,312
Depreciation
-
-
Tax Offset
-$6,123
-$3,694
Net Cashflow After Tax
-$14,286
-$8,618
Assumptions
Year 1
Year 10
Property Value
6.8%
$656,820
$1,187,374
Loan Balance
I.O
$576,000
$576,000
$80,820
$611,374
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 13.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 49.0%
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