$900K
$185,975
"Presenting a unique opportunity to secure 2027 m approx. of prime real estate in the heart of Romsey. Strategically located right next to the highly anticipated Supermarket Coles Romsey opening in early 2025, this property offers immense potential for investors and developers looking to capitalize on the regions rapid growth. Key Features 2027 m approx. of prime land in a booming area, offering a wide range of possibilities for redevelopment S.T.C.A Immediate proximity next door to the upcoming Coles Romsey Shopping Centre, which will include a fullsize Coles Supermarket, Liquorland, and a 200 sqm specialty storean excellent drawcard for increased traffic and future value Ideally suited for a variety of developments S.T.C.A given the large land size and central location Perfect for those looking to invest in a fastgrowing region with solid longterm potential The Home The existing property features a 4bedroom brick veneer dwelling that offers potential for renovation or extension, depending on your vision. Private Inspection can be arranged upon request. Location Highlights Situated in the heart of Romsey with easy access to local amenities, schools, and parks Just steps from the new Coles Romsey Shopping Centre, which will further enhance the propertys future value and visibility Romsey is undergoing significant growth, making this an ideal time to invest or develop This is a rare chance to secure a large block in a highgrowth location, perfect for savvy investors or developers seeking a premium site with excellent future prospects. Contact Mia Nguyen 0450 988 837 today to explore the endless possibilities that 49 Main Street, Romsey has to offer."
-
78.2%
$724K
3.4%
-$80,000
-$27,782
2.6%
1.9%
-15.2%
6.0%
Asking Price
$900,000
Estimated Purchase Price
$970,000
Stamp Duty
$53,350
Transfer Fee
$2,376
Conveyancing
$1,196
Deposit (10%)
$97,000
Reg. Mortgage
$129
LMI Premium
$27,658
Renovation Costs
-
Total Cash/Equity Required
$182,258
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$1,843
$2,405
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
$17,930
$26,126
Interest Repayments
$57,618
$57,618
Net Cashflow Before Tax
-$39,688
-$31,492
Depreciation
-
-
Tax Offset
-$11,906
-$9,448
Net Cashflow After Tax
-$27,782
-$22,045
Assumptions
Year 1
Year 10
Property Value
6.8%
$950,520
$1,718,314
Loan Balance
I.O
$873,000
$873,000
$77,520
$845,314
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price