$102K
$19,207
Confidence
High
High
$120,000
Medium
$115,000
Low
$110,000
Confidence
Medium
"Offering just over half an acre 2405sqm, 4 Park Street is a fantastic opportunity to secure your own slice of the Midlands in the historical village of Ross. Overlooking the Ross Recreation Ground, 4 Park Street offers an eastern aspect for its new owner to start planning any future construction project. The block is partly fenced postwire fencing at front and rear with access to town services water, sewerage and stormwater available. Overhead powerlines run along Park Street for power connection. Ross only 50 minutes drive from Launceston and 1hr 20 minutes north of Hobart, comprises of a lovely collection of Georgian stone homestead, the timehonoured Ross Bridge, Man O Ross Hotel currently under renovation, Female Factory convict site Circa 1833, Tasmanian Wool Centre and famous bakeries for scallops pies and vanilla slices. Rosss relaxed country lifestyle offers plenty for the tree changer seeking to retiree to the historical Midlands or bus service to nearby Campbell Town or Oatlands schools for the young family seeking to establish themselves in the town. Campbell Town is only seven minutes drive from the town and Oatlands a little over 25 minutes south along the Midland Highway. For an affordable parcel of land, consider 4 Park Street in historical Ross. For a copy of title or arrange a site visit feel free to contact Nick Hay at Howell Property Group. Council Rates TBA py approx. Northern Midlands Council. Land Size 0.2405 Ha 0.594 acres approx. Water and Sewer available for connection. Zoning General Residential. Council Northern Midlands Council. The information contained herein has been supplied to us, and we have no reason to doubt its accuracy. However, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information."
2.1%
77.2%
-
-
-$10,000
+
17.5%
12.1%
26.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$115,000
Estimated Purchase Price
$125,000
Stamp Duty
$3,310
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$12,500
Reg. Mortgage
$152
LMI Premium
$2,136
Renovation Costs
-
Total Cash/Equity Required
$20,728
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+8.8% PA
$1,922
$2,735
Rates
+3.0% PA
$1,540
$2,009
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
$15,178
$22,165
Interest Repayments
$7,425
$7,425
Net Cashflow Before Tax
$7,753
$14,740
Depreciation
-
-
Tax Offset
$2,326
$4,422
Net Cashflow After Tax
$5,427
$10,318
Assumptions
Year 1
Year 10
Property Value
6.8%
$122,820
$222,029
Loan Balance
I.O
$112,500
$112,500
$10,320
$109,529
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2021 Population
Suburbs
Manufacturing - 17.0%
Agriculture, Forestry and Fishing - 17.0%
Transport, Postal and Warehousing - 9.0%
Retail Trade - 8.0%
Others - 49.0%
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