$490K
$84,662
"We present to you 38 Ferris Street Bearii The main home has plenty of charm, with a 3bedroom, 1bathroom. It boasts a modern design with hardwood flooring, creating a warm and inviting atmosphere. The living room is spacious, accompanied by a fireplace, and perfect for entertaining guests or relaxing with family. Improvements include brand new carpet in bedrooms, split systems in the main bedroom and living area, and a ducted vacuum system. Welcoming you into the home is a peaceful patio for relaxing in the environment. A welldesigned selfcontained unit also offers a bedroom in an openflow space with a modern kitchen and living area and a private bathroom plumbed in. Features include a splitsystem air conditioner, electric oven, gas stove, dishwasher, electric hot water service, and TV antenna. The man cave has been designed as a personal retreat or a place to enjoy social occasions with friends. This building also has a fireplace to ensure yearround comfort for you and your guests, even in the colder months. It includes a pressure pump, tank, and hot water service. No man cave comes complete without a TV antenna. Outside the internal living spaces, we are established on a spacious 9.64acre property, which offers plenty of room to roam and enjoy the countryside. A dormant vineyard occupies most of the land and previously yielded beautiful grapes for wine production. The keen horticulturalists could resurrect this established farming practice, or the new owner may wish to clear for grazing space. The current owners have enjoyed the view and character it currently offers. The property features a double shed, separated by a carport, perfect for storing vehicles or outdoor equipment. With beautiful views of the surrounding nature, this property is the perfect retreat from the hustle and bustle of city life. Whether youre looking for a peaceful rural escape or a place to call home, 38 Ferris Street, Bearii welcomes all. Irrigation Information Automatic sprinkler managed via a control box S D bore pump and SD 9megs. There is a dam at the rear of the property that can be filled up via the bore. Connections include electricity offset by an established solar system on the main house. Transportable bottles supply gas and sewerage contained within a sceptic tank. A pressure pump from the 25,000litre water tanks supplies household water needs. Here is your opportunity contact us today to schedule a viewing and make this house your new home."
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Asking Price
$490,000
Estimated Purchase Price
$480,000
Stamp Duty
$23,870
Transfer Fee
$1,229
Conveyancing
$1,196
Deposit (10%)
$48,000
Reg. Mortgage
$129
LMI Premium
$10,611
Renovation Costs
-
Total Cash/Equity Required
$85,584
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,673
$2,183
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$14,260
$20,882
Interest Repayments
$28,512
$28,512
Net Cashflow Before Tax
-$14,252
-$7,630
Depreciation
-
-
Tax Offset
-$4,275
-$2,289
Net Cashflow After Tax
-$9,976
-$5,341
Assumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$432,000
$432,000
$48,600
$436,810
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 14.0%
Retail Trade - 11.0%
Health Care and Social Assistance - 11.0%
Others - 45.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price