$649K
$121,828
"Phone enquiry code for this property 0109 Nestled on the fringes of Malanda CBD, situated on a generous 2.5acre plot, this charming clay brick residence exudes a rustic allure with its unique layout and country ambiance. Boasting three bedrooms, two featuring builtin wardrobes, while the master bedroom offers ample room for an ensuite and walkin robe, this home provides comfortable living spaces for the entire family. A cozy countrystyle lounge adorned with a fireplace sets the stage for intimate gatherings, while a spacious timber kitchen complete with a convenient servery and breakfast bar beckons culinary creativity. Adjacent to the kitchen, a combined dining area provides a welcoming space for shared meals and lively conversations. Stretching the length of the home, a front verandah grants access to each bedroom, while tiled flooring throughout ensures easy maintenance, with the exception of carpet in one bedroom. The newly renovated master bedroom showcases exposed beautiful original beams, adding character and charm to the space. A generously sized laundry offers ample storage solutions and leads to a rear patio, equipped with security screens for added peace of mind. Additionally, the property features a rainwater tank and fresh spring water pumped directly to the property, ensuring a sustainable water supply. Outside, the property boasts a multitude of beautiful fruit trees and three vegetable gardens, ready to plant, providing the opportunity for sustainable living and fresh produce at your fingertips. With a fully fenced perimeter, the property is perfect for pets and children, offering safety and security. The propertys central location is a standout feature, with Lake Eacham just four minutes away, Malanda a mere four minutes, Yungaburra within a sevenminute drive, and Atherton just 18 minutes away, making it an ideal base for exploring the region. Plus, being so close to the Gillies Range, its a zip to Cairns and the airport. The land itself is flat and private, creating the perfect space for any activities and offering full use of the property for recreational pursuits and relaxation. Whether youre seeking a peaceful country retreat or a family home with room to grow, this property offers endless possibilities for a fulfilling lifestyle. Asking 690,000 ONO Phone enquiry code for this property 0109"
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Asking Price
$649,000
Estimated Purchase Price
$700,000
Stamp Duty
$24,525
Transfer Fee
$2,415
Conveyancing
$1,665
Deposit (10%)
$70,000
Reg. Mortgage
$224
LMI Premium
$19,766
Renovation Costs
-
Total Cash/Equity Required
$119,146
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,466
$1,913
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
$16,481
$24,064
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$25,099
-$17,516
Depreciation
-
-
Tax Offset
-$7,530
-$5,255
Net Cashflow After Tax
-$17,569
-$12,261
Assumptions
Year 1
Year 10
Property Value
6.8%
$475,260
$859,157
Loan Balance
I.O
$630,000
$630,000
-$154,740
$229,157
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 16.0%
Health Care and Social Assistance - 14.0%
Retail Trade - 12.0%
Education and Training - 10.0%
Others - 48.0%
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