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$1.95M
$340,853
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$2,200,000
Medium
$2,000,000
Low
$1,800,000
Confidence
Medium
This premium rural property, nestled on Townsville’s southern fringe, offers serenity and an active lifestyle. On a vast 53-acre lot, the home boasts an artfully renovated living space by Lancini Homes that enhances its elevated position with panoramic views of Mount Elliot National Park. The spacious residence features four bedrooms, multiple versatile living spaces, and a modern kitchen leading to a vast patio overseeing an inground pool. Perfect for horse enthusiasts or those desiring a rural retreat, the estate includes extensive equine facilities, two large sheds, multiple water tanks, a powerful generator, and solar energy. Additionally, it’s only a short drive to urban conveniences, harmonizing rural peace with city accessibility.
Trusted by over 13k property buyers and counting...
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79.8%
$276K
12.4%
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Try Picki for FREE$140,000
-$40,751
3.4%
Asking Price
$1,950,000
Estimated Purchase Price
$1,860,000
Stamp Duty
$87,475
Transfer Fee
$7,302
Conveyancing
$1,665
Deposit (10%)
$186,000
Reg. Mortgage
$224
LMI Premium
$57,636
Renovation Costs
-
Total Cash/Equity Required
$340,853
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,676
$2,187
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
$52,268
$75,025
Interest Repayments
$110,484
$110,484
Net Cashflow Before Tax
-$58,216
-$35,459
Depreciation
-
-
Tax Offset
-$17,465
-$10,638
Net Cashflow After Tax
-$40,751
-$24,821
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Loan Balance
I.O
$1,674,000
$1,674,000
$462,000
$2,187,380
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Public Administration and Safety - 14.0%
Education and Training - 10.0%
Retail Trade - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
