$750K
$142,851
"Nestled within the tranquil surrounds of Glengarry, 79 Loop Road presents a rare opportunity for families seeking the serenity of country living with the convenience of urban amenities close by. This delightful threebedroom house, poised on a generous 1.56 hectares, offers the perfect blend of spaciousness and practicality. A true haven for family life, this property boasts a 2 large shedsworkshop ideal for those with hobbies that require ample space, or for simply storing all the essentials and more. The fencing requires little upkeep, leaving you more time to enjoy the large raised vegetable garden beds, expertly constructed from durable colorbond and galvanised steel post, ensuring a bounty of homegrown produce for the selfsufficient family. A area for the chickens completes the picture, adding to the sustainable lifestyle offered by this unique property. The house itself, while comfortable and inviting, also presents an opportunity to imprint your own style. With three wellproportioned bedrooms and a functional bathroom, its the perfect canvas for creating your dream family home. Situated on a soughtafter quiet street, a mere stones throw from Exeters delightful shopping strip, including a coffee shop, bakery, hardware store, supermarket and pub, youre never far from the essentials. Plus, with National Parks and Reserves within easy reach, your weekends are set for adventure. With ample water storage and the convenience of a short drive to Launceston, 79 Loop Road is an exceptional find. Seize the chance to make this small acreage your own, where space is abundant and the potential is limitless. Council rates 450 pq approx. Water rates 120 pq approx. Building size 145m2 approx. Land size 1.56Ha approx. Year built 1930 Key2 Property have obtained all information in the document from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
Below are some similar properties in the area you may be interested in.
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87.5%
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-$325,000
-$23,953
2.7%
1.9%
-16.4%
6.0%
Asking Price
$799,000
Estimated Purchase Price
$855,000
Stamp Duty
$33,660
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$85,500
Reg. Mortgage
$152
LMI Premium
$24,379
Renovation Costs
-
Total Cash/Equity Required
$146,322
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
Rates
+3.0% PA
$1,572
$2,051
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
$16,569
$24,148
Interest Repayments
$50,787
$50,787
Net Cashflow Before Tax
-$34,218
-$26,639
Depreciation
-
-
Tax Offset
-$10,265
-$7,992
Net Cashflow After Tax
-$23,953
-$18,647
Assumptions
Year 1
Year 10
Property Value
6.8%
$566,040
$1,023,266
Loan Balance
I.O
$769,500
$769,500
-$203,460
$253,766
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2021 Population
Suburbs
Education and Training - 14.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price