$395K
$68,061
"Escape the hustle and bustle of city life with this unique property, perfect for a relaxing getaway. Heres what this rural retreat has to offer Property Features Converted Shed Home A cozy living space featuring Three Bedrooms Each measuring 2.6 x 3.7 m, providing comfortable accommodations. Wet Room Complete with laundry, vanity, toilet, and shower for convenience. OpenPlan Living An allinone kitchen, dining, and living area with a small kitchenette, ideal for entertaining. Heating and Cooling Stay comfortable yearround with a woodfire heater and a split system air conditioner. Outdoor Entertaining An enclosed area perfect for gatherings, along with a caravan that can serve as an extra bedroom for guests. Additional Structures Sundries Sheds Including a smokehouse and pizza oven for culinary adventures. Water Supply Two bores, one 50 m deep and the other 20 m deep, ensuring a reliable water source. Land and Location Size Approximately 10 acres of rural land, offering plenty of space for outdoor activities and relaxation. Proximity Close to the mighty Murray River, perfect for fishing, kayaking, or simply enjoying nature. Why This Escape Experience the peaceful rural lifestyle at your doorstep, with modern conveniences and plenty of space to unwind. Whether youre looking for a weekend retreat or a permanent escape, this property provides a unique blend of comfort and natural beauty. Come enjoy the serenity and charm of country living"
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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
-
89.7%
-
-
-$50,000
-$7,706
4.7%
3.1%
-11.3%
6.0%
Asking Price
$395,000
Estimated Purchase Price
$385,000
Stamp Duty
$18,170
Transfer Fee
$1,007
Conveyancing
$1,196
Deposit (10%)
$38,500
Reg. Mortgage
$129
LMI Premium
$8,511
Renovation Costs
-
Total Cash/Equity Required
$68,062
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$11,861
$17,467
Interest Repayments
$22,869
$22,869
Net Cashflow Before Tax
-$11,008
-$5,402
Depreciation
-
-
Tax Offset
-$3,303
-$1,621
Net Cashflow After Tax
-$7,706
-$3,782
Assumptions
Year 1
Year 10
Property Value
6.8%
$357,780
$646,781
Loan Balance
I.O
$346,500
$346,500
$11,280
$300,281
Did you know you need to engage a conveyancer when buying a property?
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