$499K
$88,203
"EXCLUSIVELY LISTED BY TANIA BUNYAN FROM RICHARDSON WRENCH BUNDABERG BARGARA Located in Winfield, a small rural location in the Bundaberg region, 8 Island View Drive offers easy access to and a view of Baffle Creek. Known as Fishermans paradise, Baffle Creeks pristine waterways are great for fishing yearround. Throw a line from the shoreline or enjoy boating, sailing, kayaking, or crabbing on Baffle Creeks waterways right on your doorstep The owner is including a free boat with the property too see photos. With 3 large bedrooms, 1 bathroom, fully fenced front and backyards, 1 bay shed plus undercover breezeway or carport, this property is perfectly set up and positioned to be a great holiday home or permanent home. Investors may want to check this property out too, as this would make a fantastic Air BnB property with great rental returns. Interior Features 3 good sized bedrooms 2 with built in wardrobes The Master bedroom has a bay window NEW kitchen with stainless steel wall oven, electric cooktop with extractor fan, large pantry, large fridge space, and crisp white cabinetry with ample drawers, cupboards, and bench space. Open plan livingdining room with sliding doors external access to the front yard and backyard. Main Bathroom with shower, and vanity Separate toilet Laundry is situated in the shed Additional Interior Features Easy to maintain tiled floors throughout Ceiling fans throughout Lots of natural light and cool breezes VJ panelling feature walls Exterior Features Brick exterior with colourbond roof Front portico Land size 818m2 Solar power 1 bay colourbond shed Undercover breezewaycarport great for outdoor entertaining Fully fenced front yard and backyard Easy to maintain neat and tidy gardens to front and back with fruit trees Easy access to Baffle Creek across the road Location 44 Mins to Bundaberg 60 Mins to Agnes Water 2 Mins to Rocky Point Rd boat ramp Baffle Creek is one of QLDs few remaining undisturbed coastal rivers. It is situated south of Agnes Water and is a region of natural beauty, subtropical tranquillity and great opportunity with vast pristine waterways, wetlands, and coastline. If fishing, boating, or kayaking is your passion for adventure and discovery, Baffle Creek River system offers a range of fun activities for the whole family. The Baffle Creek catchment area is a patchwork of national parks, conservation parks and state forests. With lots of natural wonders, there are countless ways to explore and enjoy a great holiday adventure or neverending holiday if you choose to live here on a permanent basis. Contact EXCLUSIVE listing agent Tania Bunyan from Richardson Wrench Bundaberg Bargara on mobile 0488 918588 or email at tania.bunyanrandw.com.au for further information or to arrange an inspection. Disclaimer RW Bundaberg Bargara have been provided with the above information, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or uptodate nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries to determine whether this information is in fact accurate."
Below are some similar properties in the area you may be interested in.
-
78.9%
$500K
4.1%
-$260,000
-$14,627
3.4%
2.0%
-16.9%
6.0%
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
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$10,884
$16,192
Interest Repayments
$31,779
$31,779
Net Cashflow Before Tax
-$20,895
-$15,587
Depreciation
-
-
Tax Offset
-$6,269
-$4,676
Net Cashflow After Tax
-$14,627
-$10,911
Assumptions
Year 1
Year 10
Property Value
6.8%
$293,700
$530,940
Loan Balance
I.O
$481,500
$481,500
-$187,800
$49,440
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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