$1.25M
$223,305
"Set up for horses and will serve you well as your home or hobby farm. Current owner moving for work, may be your opportunity to secure what is becoming scarce by the day Privacy, space Land. All amenities such as parks, schools, shops, and transport are only a short trip away. Conveniently located just inland from Beenleigh, between Brisbane and the Gold Coast with easy access to the M1, Logan Motorway, and Express Trains to Brisbane CBD or the Gold Coast, with scenic Mount Tamborine and hinterland at your back door. The genuine seller is moving with reluctance. There is a long list of improvements to the property over the years, with the most recent being a giant patio deck and pool addition, creating your private retreat or grant entertainment facility. This is a lifestyle property for all, providing the ability to create your own oasis and memories, as past owners have along the way. However if you are in search of the charms of acreage life, yet still want to be close to amenities, then I invite you to look at this one. It will tick the boxes Features youll love 4.39acres 17,586m2 cleared land 2020 Certificationcompliance on all structures including the main dwelling Huge new deck, flyover patio roof Pool, entertainers dream with stunning views New roof and gutters 2018 New Solar Hot water 2018 New gas hob and oven 2019 Town and tank water valves can switch the entire house between the 2 6 undercover car spaces, 2 car garage shed 2 car carport 3 garden sheds 1 horse feedingtack shed 60mm Ceasar stone benchtops New LED lighting inside and out House fully rewired with the upgraded electrical board 6.5kw Fujitsu aircon in loungeliving 3kw Mitsubishi aircon in the master bedroom 3kw Mitsubishi aircon in the second bedroom Ceiling fans in 2 bedrooms Build in wardrobes in each room with soft close drawers New paint inside and out New Hybrid flooring and carpet in bedrooms Floortoceiling tiled bathrooms ensuite and main bathroom House set up to be able to run off a generator from switchboard Power to double garage, carport, plus 1 horse feedingtack shed 3 bay chicken coupes New fencing top and middle strand electric 5 paddocks Fully dog fenced house yard Concrete wash bay for horses 25m x 70m levelled riding area for horse owners 90m of Albert River frontage Established Fruit and Nut trees also, including the following Macadamias Pecans Bananas Persimmons Mango trees x 5 Passionfruit Mandarines Kumquats Oranges Lemons Brazilian Cherries x 3 Monstera Deliciosa due to start fruiting CLOSE TO EVERYTHING Halls Road Reserve across the river 15 acres Wolffdene Nature Refuge across the road lots of trails 8 mins to M1 35 mins to Brisbane 35 mins to Gold Coast 4km to Woolworths Close to schools and shops PROPERTY INFORMATION Logan City Council Rates 2,278 p.a. approx Estimated Permanent Rent 1,000 per week rent"
Below are some similar properties in the area you may be interested in.
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90.9%
$943K
12.4%
-$250,000
-$32,594
3.0%
2.4%
-14.0%
6.0%
Asking Price
$1,299,000
Estimated Purchase Price
$1,300,000
Stamp Duty
$55,275
Transfer Fee
$4,943
Conveyancing
$1,665
Deposit (10%)
$130,000
Reg. Mortgage
$224
LMI Premium
$40,283
Renovation Costs
-
Total Cash/Equity Required
$232,940
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,689
$2,204
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
$30,657
$44,267
Interest Repayments
$77,220
$77,220
Net Cashflow Before Tax
-$46,563
-$32,953
Depreciation
-
-
Tax Offset
-$13,969
-$9,886
Net Cashflow After Tax
-$32,594
-$23,067
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,121,400
$2,027,224
Loan Balance
I.O
$1,170,000
$1,170,000
-$48,600
$857,224
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2021 Population
Suburbs
Retail Trade - 14.0%
Health Care and Social Assistance - 13.0%
Construction - 11.0%
Education and Training - 10.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price