$280K
$41,906
"Featuring recent upgrades and on a block totalling 1376m2, this home offers an excellent opportunity for firsttime homebuyers looking to enter the property market. The home was completely restumped with concrete stumps in 2022, partially reroofed approximately 12 years ago whilst the back section of the house was reroofed only 12 months ago and the home has also undergone an electrical upgrade. With character such as high ceilings, feature panel walls, ceiling roses and decorative cornice plus new flooring in most of the rooms, the interior features a large and open kitchendining area that was part of the 2022 renovation. The home comprises of 34 bedrooms and a study providing ample space for a growing family plus there is an additional living space which could easily be converted to a bedroom. The family bathroom is only 12 months old and has new hybrid flooring and dual access for convenience plus there has been a brand new Eco Alliance HWS installed. Additionally, there is a separate family room or sunroom located at the rear of the home, offering versatile space that can be adapted to your needs. For added convenience, the property includes a single carport with a concrete floor and with a massive and well fenced backyard, there is ample space for that brand new shed STCA. NB Red boundary lines are an approximate only."
Below are some similar properties in the area you may be interested in.
3.4%
80.3%
$380K
5.1%
$75,000
-$2,317
7.0%
4.7%
-5.3%
6.0%
Asking Price
$280,000
Estimated Purchase Price
$260,000
Stamp Duty
$10,670
Transfer Fee
$714
Conveyancing
$1,196
Deposit (10%)
$26,000
Reg. Mortgage
$129
LMI Premium
$4,443
Renovation Costs
-
Total Cash/Equity Required
$43,701
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
$1,399
$1,825
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
$12,135
$17,824
Interest Repayments
$15,444
$15,444
Net Cashflow Before Tax
-$3,309
$2,380
Depreciation
-
-
Tax Offset
-$993
$714
Net Cashflow After Tax
-$2,317
$1,666
Assumptions
Year 1
Year 10
Property Value
6.8%
$357,780
$646,781
Loan Balance
I.O
$234,000
$234,000
$123,780
$412,781
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 - 14.0%
Manufacturing - 13.0%
Retail Trade - 9.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price