$215K
$40,112
"Discover the potential at 29 Main Street, Bealibaa charming twobedroom weatherboard home nestled on a sprawling 2800 m block within the historic Victorian goldfields. Priced to reflect its need for some rejuvenation, this property presents a prime opportunity to transform it into your dream home, whether its your first purchase or your next project. The home offers flexible living spaces, including a sizable area at the rear that could be adapted to your needs, perhaps as a third bedroom, a study, or an entertainment space. The generous kitchen is equipped with modern cabinetry, a gas freestanding stove, double sink, and a large pantry, though some finishing touches are still needed. Comfort is ensured yearround with a reversecycle split system and a cozy woodfire in the lounge, complemented by high ceilings and timber floors throughout. While the existing small electric hot water service could be upgraded to a heat pump or LPG instant system for added convenience. Externally, the property includes a single carport and a small garden shed, with ample space for further additions, subject to council approval. Its important to note that while the rear section of the land is very low and near a creek line prone to flooding, the house itself is situated in a significantly elevated part of the township. Bealiba is a closeknit community featuring a post office, primary school, and the local Bealiba Hotel. Surrounded by picturesque farmland and bushland, and not far from key regional hubs like Maryborough and Bendigo, this home offers both a serene retreat and convenient access to larger towns. Unlock the potential of this property and make 29 Main Street your new haven in the heart of the goldfields."
Below are some similar properties in the area you may be interested in.
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89%
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$10,000
-$3,387
6.4%
4.0%
-8.3%
6.0%
Asking Price
$228,000
Estimated Purchase Price
$245,000
Stamp Duty
$9,770
Transfer Fee
$679
Conveyancing
$1,196
Deposit (10%)
$24,500
Reg. Mortgage
$129
LMI Premium
$4,186
Renovation Costs
-
Total Cash/Equity Required
$41,010
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$1,419
$1,851
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
$9,715
$14,382
Interest Repayments
$14,553
$14,553
Net Cashflow Before Tax
-$4,838
-$171
Depreciation
-
-
Tax Offset
-$1,451
-$51
Net Cashflow After Tax
-$3,387
-$119
Assumptions
Year 1
Year 10
Property Value
6.8%
$272,340
$492,326
Loan Balance
I.O
$220,500
$220,500
$51,840
$271,826
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Manufacturing - 13.0%
Education and Training - 9.0%
Others - 47.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price