$550K
$95,728
"Only minutes away from the Mighty Murray River, and a lifestyle poised for those seeking relaxation. This property is set on approximately 9.5 acres with a reliable supply of bore water for the house and surrounding area. 44 Ferris St, Bearii is ready for its next owner. The current vendor has done all the groundwork for the new buyer to step in and enjoy the future rewards. The property includes a modern 2bedroom home with builtin robes, an openstyle kitchendining and living area, a large connecting bathroom and laundry space, blockout blinds, and a new 8kw split system. In addition, there is a large undercover area fully enclosed for yearround living and dry access to the home. Complimented by a stunning pizza oven that will have your friends and family asking to come around. External features include brand new water tanks collecting from the house site, and a 9x18m shed with concrete flooring and power suitable for tradesmen. There is also a second carport for boats or caravans, allowing ample storage space for your precious gear and vehicles. The property also includes allocated paddocks to the east and south boundaries with new boundary fencing and stock troughs to keep animals safe and secure. A gated entrance at the front leads to the central home and shedding, with planned front hedging to provide privacy in this already quiet township of Bearii. Located just minutes from the Murray River and only 1520 minutes from Cobram, Numurkah, and Nathalia, Bearii is well placed for those seeking the quiet life. Water sports and recreation are at your doorstep, so come and inspect this wellplanned project today. This is your opportunity to capture a dream property. Call Andrew Pogue on 0411 911 059"
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89.7%
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-$13,143
3.7%
2.5%
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Asking Price
$550,000
Estimated Purchase Price
$540,000
Stamp Duty
$27,470
Transfer Fee
$1,369
Conveyancing
$1,196
Deposit (10%)
$54,000
Reg. Mortgage
$129
LMI Premium
$11,937
Renovation Costs
-
Total Cash/Equity Required
$96,651
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$13,300
$19,516
Interest Repayments
$32,076
$32,076
Net Cashflow Before Tax
-$18,776
-$12,560
Depreciation
-
-
Tax Offset
-$5,633
-$3,768
Net Cashflow After Tax
-$13,143
-$8,792
Assumptions
Year 1
Year 10
Property Value
6.8%
$560,700
$1,013,612
Loan Balance
I.O
$486,000
$486,000
$74,700
$527,612
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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