$690K
$115,379
"Situated 13km from Portland and 4km from Narrawong and boasting magnificent ocean views, this property of approximately 3.1 hectares offers a lovely setting for a lifestyle change or to be your holiday home. The home consists of a spacious kitchendiningfamily room, separate lounge, and builtinrobes in all 3 bedrooms while the main also has an ensuite. There is plenty of shedding with a remotecontrolled double garage, an additional 12m x 6m shed with high clearance suitable for a horse float and 2 additional storage sheds and a potential studio. Other features include split system airconditioner, combustion wood heater and a bore. Whether its spending time watching the ships pass by, looking after a few animals or launching your boat around the corner to go fishing, this opportunity wont disappoint while still being only a short distance to shops, schools and recreation facilities. Come and escape the hustle and bustle of living in town. Beach access is also provided via a common path through the edge of lot 3. Currently tenanted at 400pw until February 2025. Call us now to find out more. Disclaimer For Statement Of Information Due Diligence please head to our website at www.wilsonswarrnambool.com.au. All measurements are correct to the best of our knowledge, as provided by property owners and external websites. Please complete due diligence to confirm."
Below are some similar properties in the area you may be interested in.
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49.4%
$545K
3.6%
-$190,000
-$18,915
3.2%
2.3%
-13.7%
6.0%
Asking Price
$690,000
Estimated Purchase Price
$740,000
Stamp Duty
$39,470
Transfer Fee
$1,837
Conveyancing
$1,196
Deposit (10%)
$74,000
Reg. Mortgage
$129
LMI Premium
$21,100
Renovation Costs
-
Total Cash/Equity Required
$138,282
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,934
$24,656
Interest Repayments
$43,956
$43,956
Net Cashflow Before Tax
-$27,022
-$19,300
Depreciation
-
-
Tax Offset
-$8,107
-$5,790
Net Cashflow After Tax
-$18,915
-$13,510
Assumptions
Year 1
Year 10
Property Value
6.8%
$587,400
$1,061,879
Loan Balance
I.O
$666,000
$666,000
-$78,600
$395,879
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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