$499K
$89,038
"Launching into the market is this quaint and cozy 3bedroom brick home in Branyan A super affordable opportunity to purchase your forever home in a peaceful location Situated on 2001 sqm of land that has been meticulously maintained over the years, this property is filled with plenty of opportunity to either leave as is or make it your own As you enter into this home, you are greeted with your lounge area, fitted with a ceiling fan and the perfect place to catch up with your family and friends Connecting from the living area is the kitchen, charming and original, however super functional for your everyday cooking needs. The kitchen connects to the dining space for added convenience and functionality. On the right side of the house, you will find your primary bedroom, well equipped with a ceiling fan and built in wardrobe, as well as the main bathroom laundry space. To the left side of the home, you will find your second and third bedroom. Step outside and let your expectations be blown away With established and wellmanicured gardenslandscaping, an undercover outdoor patio and a single carport to the side of the house. The yard also features 2 x lawn lockers for your extra storage needs. AT A GLANCE 3 Bedrooms 1 Bathroom Brick Home on 2002sqm Charming Kitchen with Gas stove Single Carport Tank Water Bore Water Fully Fenced Yard 2 x Lawn Lockers Current tenant on fixed term lease until October 14th 2024. Rates TBC With 2001 sqms theres plenty of space to add value onto this quaint home, additional sheds or even extend the home further Grab this opportunity to secure this affordable home in one of Bundabergs favourite small acreage suburbs, popular for its sizeable blocks, close proximity to shops, schools, airport and the river, and everything else you need being less than 10 minutes away plus its only 20 minutes to the beaches of Bargara Dont Delay, call me, Exclusive Listing Agent, Shane Chung or Tylah Stinson, to arrange your private inspection today. The information provided is to be used as an estimate only. All potential purchasers should make their own enquiries to satisfy themselves as to any due diligence required."
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Asking Price
$499,000
Estimated Purchase Price
$535,000
Stamp Duty
$17,150
Transfer Fee
$1,741
Conveyancing
$1,665
Deposit (10%)
$53,500
Reg. Mortgage
$224
LMI Premium
$11,712
Renovation Costs
-
Total Cash/Equity Required
$86,543
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,440
$34,786
Property Management
+7.7% PA
$1,882
$2,679
Rates
+3.0% PA
$2,264
$2,954
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
$16,643
$24,390
Interest Repayments
$31,779
$31,779
Net Cashflow Before Tax
-$15,136
-$7,389
Depreciation
-
-
Tax Offset
-$4,541
-$2,217
Net Cashflow After Tax
-$10,595
-$5,173
Assumptions
Year 1
Year 10
Property Value
6.8%
$534,000
$965,345
Loan Balance
I.O
$481,500
$481,500
$52,500
$483,845
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%
Agriculture, Forestry and Fishing - 10.0%
Education and Training - 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