Waterford County - NSW Hunter Region
This house and land package is based on –
Land – $242,000
Land Size – 497sqm
House Build – $306,300
House Size – 210sqm
Total package price of $548,300
Estimated Rent $520-550 per week
Available to purchase as a brand new home (eligible for first home grants) or as an investment.
The ‘invest from’ cost per week is based on –
Separate (split) contracts for house and land), combined income of $100,000 and $45,000 with ownership split 99% to the highest income earner, midpoint of rent estimate, 2 weeks vacancy rate, $12,000 of interest costs during construction, total amount borrowed includes purchase costs, nil cash deposit, 4.6% interest only rate, council ($1,800), strata ($4,000 on units only), water ($200), building and landlord insurance of $900, and estimated depreciation benefits (2019 built 210sqm house) – $12,500. Cost is based on first year of ownership.
Source – Prowealth Property Investment Calculator.
Subject to credit approval.
Other lots and designs are also available and prices vary.
Let us personalise this cost to hold for you, simply get in touch.