$270K
$47,297
Confidence
High
High
$700,000
Medium
$650,000
Low
$600,000
Confidence
Medium
"Rare affordable block of land in the seaside village of Horrocks. This block has had some earthworks started and the water is connected. The elevation allows for ocean views down the road but is well protected by the stunning vegetated dunes opposite. Availability of property in this fabulous coastal town is tightly held making this property the best buy available for the astute investor or home owner with vision for a fabulous new build. 809m2 with 20.12m frontage Zoned residential R12.5 Shire rates approximately 713 per annum Water rates approximately 275 per annum, deep sewer is not available For more information please call Adele Surtees on 0409641674"
-
86.4%
-
-
$345,000
-$1,052
7.7%
5.5%
-2.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$270,000
Estimated Purchase Price
$305,000
Stamp Duty
$9,025
Transfer Fee
$273
Conveyancing
$1,535
Deposit (10%)
$30,500
Reg. Mortgage
$203
LMI Premium
$5,212
Renovation Costs
-
Total Cash/Equity Required
$47,298
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.2% PA
$1,919
$2,731
Rates
+3.0% PA
$1,162
$1,516
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$16,614
$24,224
Interest Repayments
$18,117
$18,117
Net Cashflow Before Tax
-$1,503
$6,107
Depreciation
-
-
Tax Offset
-$451
$1,832
Net Cashflow After Tax
-$1,052
$4,275
Assumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$274,500
$274,500
$419,700
$980,448
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 26.0%
Accommodation and Food Services - 17.0%
Retail Trade - 10.0%
Education and Training - 9.0%
Others - 38.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price