$395K
$69,906
"CHANCE TO OWN A SMALL ACREAGE PROPERTY IN THE LOVELY TOWN OF NEWMERELLA, DONT MISS OUT ON THIS ONE... This charming 3bedroom, 1bathroom house is located on a spacious 2.1acre property along the everpopular Mclaughlins Road in Newmerella providing walking access to the Newmerella Primary School and only a few minutes drive back into Orbost. With a rustic carport space for 2 vehicles and an impressively large land holding, this property offers plenty of room for a growing family and represents an outstanding opportunity for future development, either for personal use or subdivision STCA. Property Features Include Cottage Style Home Combined Kitchen Dining Comfortable Lounge with Slow Combustion Fire 3 Large Bedrooms Refurbished All Abilities Bathroom Internal Laundry Flat House Yard with Established Gardens Partially Fenced Large Flat House or Shed Site Direct Road Access Pony Paddock with Established Trees Fully Fenced Town Water Power Connected Dont miss your opportunity to own this beautiful property in a quiet and scenic location. Contact us TODAY for more information and to schedule a viewing."
-
66.2%
$519K
3.8%
-$15,000
-$8,070
4.6%
3.0%
-11.5%
6.0%
Asking Price
$395,000
Estimated Purchase Price
$395,000
Stamp Duty
$18,770
Transfer Fee
$1,030
Conveyancing
$1,196
Deposit (10%)
$39,500
Reg. Mortgage
$129
LMI Premium
$8,732
Renovation Costs
-
Total Cash/Equity Required
$69,906
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
$1,599
$2,086
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
$11,935
$17,563
Interest Repayments
$23,463
$23,463
Net Cashflow Before Tax
-$11,528
-$5,900
Depreciation
-
-
Tax Offset
-$3,459
-$1,770
Net Cashflow After Tax
-$8,070
-$4,130
Assumptions
Year 1
Year 10
Property Value
6.8%
$405,840
$733,662
Loan Balance
I.O
$355,500
$355,500
$50,340
$378,162
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Accommodation and Food Services - 9.0%
Agriculture, Forestry and Fishing - 9.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply