A summary of what we own, what we earn, the sale of 18 Cornish Place, and the proposed purchase of 10 Hassing Place within a $900,000 total budget (new lending plus our own cash).
| Estate agent appraisal | $800,000 |
| Council value (RV), Sep 2025 | $730,000 |
| New kitchen done; bathroom reno underway since Jun 2026, not yet in any valuation. | |
| Whole property, purchase price | $650,000 |
| Our half | $325,000 |
| Rent $650/wk, our half | $16,900 /yr |
| Owned with Bob Tovey 50/50. Not currently used as bank security. | |
| Trust loan, 3 yr fixed 5.05% | $150,000 |
| Trust loan, 1 yr fixed 4.89% | $161,549 |
| Personal loan on 70A, IO 5.15% | $325,000 |
| Flexi | $2,578 |
| Bob Tovey, private, 6.1% | $36,000 |
| Total | $675,127 |
| All SBS loans are secured over Cornish only. Repayments $2,997/mo SBS + $1,706/mo Bob. | |
| Remark Imagery Ltd, income as a bank sees it, FY26 | $179,000 |
| FY25 $154,000 · two-year average $166,500 | |
| Remark, FY27 so far (1 Apr to 8 Sep 2026), net profit | $107,887 |
| On $207,359 of sales in five months |
| Owners' pay from Remark, FY26 (OJ + Nicole) | $150,740 |
| Nicole, Guthrie Bowron Cromwell, part-time | $22,640 |
| On parental leave until about Feb 2027 | |
| 70A rent, our half of $650/wk | $16,900 |
| Home-office rent paid by Remark | $16,030 |
| Expected sale price | $800,000 |
| Agent and legal | $20,000 |
| Repay trust loans | $311,549 |
| Repay personal 70A loan (secured on Cornish) | $325,000 |
| Clear flexi | $2,578 |
| Cash out of the sale | $140,873 |
All SBS lending is secured over 18 Cornish Place and will be repaid from the sale at settlement. The $325,000 investment loan relating to 70A Inniscourt is to be re-established within the new lending on Hassing Place.
The private loan from Bob Tovey ($36,000 remaining, $1,706 a month) is unsecured and continues unchanged.
| Council value, Sep 2025 | $830,000 |
| Cotality estimate, Sep 2026 | $880,000 |
| Working buy range | $880,000 to $950,000 |
| Planned offer | $860,000 |
| 1979 two-storey on a 644 m² corner backing onto the Greenway. Upstairs is permitted (1993 sign-off); kitchenette and garage games room still unconfirmed. | |
| Rates 2026/27 (CODC + ORC) | $4,878 /yr |
| Last sold, Aug 2014 | $383,000 |
| Agents Kurt Snook and Robin Jenkins, PGG Wrightson Cromwell. No price guide. | |