$899K
$155,789
Confidence
High
High
$920,000
Medium
$875,000
Low
$830,000
Confidence
Moderate
"Situated on 14 hectares on the banks of the Crossman River you will find two houses. One property at the front of the block is a double brick 3x1. The house has open plan kitchen and dining, walk in robe in the master and undercover parking. Both of these houses are on one certificate of title but this property may be subdividable with Shire approval. The top house is a 3x2 with huge walk through robe, views of the shearing shed out the front and look over the trees toward the river out the back. Other features of the property include Tile fire in top house. Large 4 bay shed with concrete floor and power. Large rainwater tanks as well as being on scheme water. A dam at the front of the property. Both houses are currently tenanted and combined are bringing in 1000 per week. This is the perfect house for living in peacefulness at the top and using it to have your folks or your kids nearby or simply renting it out. Call Caitlin Larsen for more info on 0400 657 283."
-
86%
-
-
-$25,000
-$29,795
2.6%
1.2%
-19.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$899,000
Estimated Purchase Price
$900,000
Stamp Duty
$37,466
Transfer Fee
$373
Conveyancing
$1,535
Deposit (10%)
$90,000
Reg. Mortgage
$203
LMI Premium
$25,662
Renovation Costs
-
Total Cash/Equity Required
$155,789
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
$6,880
$8,977
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
$10,896
$16,763
Interest Repayments
$53,460
$53,460
Net Cashflow Before Tax
-$42,564
-$36,697
Depreciation
-
-
Tax Offset
-$12,769
-$11,009
Net Cashflow After Tax
-$29,795
-$25,688
Assumptions
Year 1
Year 10
Property Value
6.8%
$934,500
$1,689,354
Loan Balance
I.O
$810,000
$810,000
$124,500
$879,354
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2021 Population
Suburbs
Mining - 65.0%
Construction - 5.0%
Other Services - 4.0%
Accommodation and Food Services - 3.0%
Others - 23.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price