$1.55M
$304,487
"Experience the epitome of luxurious living with Springfield, a historic homestead that will take your breath away. Nestled on the outskirts of the tranquil towns of Newry and Tinamba, this sprawling estate boasts 3.07 immaculate hectares of unparalleled beauty. Built in the 1900s, this doublestorey Edwardian property exudes elegance and charm, featuring five bedrooms, a genuine study, two bathrooms, various living areas, and a grand dining room. Adorned with polished timber floors, pressed metal ceilings, solid plaster internal walls, woodwork, and stained glass, this homestead is a testament to the exceptional craftsmanship of the local tradesmen. From the abundance of shedding to the garden room complete with a toilet, every feature of this property has been thoughtfully designed to offer the utmost comfort and convenience. The Englishinspired gardens, complete with a lagoon, provide the perfect setting for relaxing and unwinding. Rarely does a property with such a rich history and exceptional structure come on the market, so dont miss this opportunity. Book a private inspection today to experience the splendor of Springfield firsthand. You wont be disappointed."
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78.8%
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-$815,000
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14.6%
13.2%
26.6%
6.0%
Asking Price
$1,550,000
Estimated Purchase Price
$1,605,000
Stamp Duty
$88,275
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$160,500
Reg. Mortgage
$129
LMI Premium
$50,221
Renovation Costs
-
Total Cash/Equity Required
$304,487
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$234,000
$333,055
Property Management
+7.7% PA
$18,018
$25,645
Rates
+3.0% PA
$1,695
$2,212
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
$211,022
$300,938
Interest Repayments
$95,337
$95,337
Net Cashflow Before Tax
$115,685
$205,601
Depreciation
-
-
Tax Offset
$34,706
$61,680
Net Cashflow After Tax
$80,980
$143,921
Assumptions
Year 1
Year 10
Property Value
6.8%
$843,720
$1,525,245
Loan Balance
I.O
$1,444,500
$1,444,500
-$600,780
$80,745
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price