$995K
$183,627
"Nestled on 18.5 hectares of fully fenced land, this generously proportioned family home is lightfilled, warm and inviting. A flexible floorplan with multiple living spaces and a separate selfcontained studio provides versatile living arrangements for families with additional accommodation needs for older relatives, a teenagers retreat or working from home. With two dams, a milking shed and barn hay storage, the land is fully equipped to keep livestock for hobby farmers. Conveniently set across one level, spacious open plan living off the entry foyer forms the heart of the home. Comprising the wellequipped kitchen, dining and living, a wood heater in this part of the home keeps it cosy and warm during the cooler winter months. Glass sliders open directly onto a covered outdoor entertaining area with tranquil rural views, further extending the living area for seamless indooroutdoor living for hosting family and friends. A large formal living room gives valuable additional space along the hallway. The private master suite has a walkin wardrobe and ensuite bathroom, and the four additional bedrooms are serviced by the central family bathroom and WC. Immaculately presented, the home has been recently updated throughout with new paint and floor coverings. In addition to the wood heater, reverse cycle air conditioning ensures year round comfort, and multiple water tanks offer ample water storage. Outside, established gardens surround the home, with lightly wooded paddocks beyond making for a picturesque outlook from the front veranda while a carport adds to the undercover parking options. Providing the best of both worlds, the shops and amenities of Sorell are within easy reach, as is Hobarts airport and the CBD. A true lifestyle property offering the luxury of peace, privacy and tranquillity, this home will appeal to purchasers seeking the ultimate tree change with opportunity to raise their own livestock, grow their own fresh produce and enjoy the very best of island living Tasmania is world renown for."
-
75%
$741K
4.1%
$45,000
-$21,028
3.6%
2.8%
-13.0%
6.0%
Asking Price
$995,000
Estimated Purchase Price
$945,000
Stamp Duty
$37,710
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$94,500
Reg. Mortgage
$152
LMI Premium
$26,946
Renovation Costs
-
Total Cash/Equity Required
$161,938
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+8.8% PA
$2,974
$4,233
Rates
+3.0% PA
$1,533
$2,000
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$26,093
$37,699
Interest Repayments
$56,133
$56,133
Net Cashflow Before Tax
-$30,040
-$18,434
Depreciation
-
-
Tax Offset
-$9,012
-$5,530
Net Cashflow After Tax
-$21,028
-$12,904
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,057,320
$1,911,383
Loan Balance
I.O
$850,500
$850,500
$206,820
$1,060,883
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2016 Population
Suburbs
Retail Trade - 16.0%
Health Care and Social Assistance - 11.0%
Accommodation and Food Services - 10.0%
Manufacturing - 10.0%
Others - 53.0%
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