$849K
$143,053
"Nestled in one of Ballarats most prestigious and soughtafter neighborhoods, this expansive family residence, set on a generous 1328m block, offers unparalleled space and luxury for growing families. With a versatile floor plan, the residence boasts four wellsized bedrooms, a flexible multipurpose room that can easily function as a fifth bedroom, a dedicated study, and four distinct living areas, ensuring ample space for both relaxation and entertainment. Central to the home is a grand openplan kitchen, meals, and family area, featuring elegant stone benchtops, a wall oven, a gas cooktop, and exquisite flooring that flows seamlessly throughout most of the home. The layout thoughtfully incorporates both informal and formal living spaces, allowing for a dedicated kids retreat, a potential theater room, and a sophisticated formal sitting area. The master suite is a retreat of its own, complete with a charming bay window, a spacious walkin robe, and a luxurious ensuite. The remaining three bedrooms are generously proportioned, each fitted with builtin robes to provide ample storage. The outdoor living spaces are equally impressive, with a vast, private rear yard that is beautifully divided into two flat levels. This expansive outdoor area backs directly onto the serene Nerrina Reserve, offering a safe and open space for children to play, as well as inviting areas for hosting family gatherings and entertaining friends. Complementing the outdoor amenities is a 3x6 meter Colorbond shed, ideal for additional storage, along with a double lockup garage at the front of the property. Additional features of this exceptional home include gas central heating, evaporative cooling, a gas log fire, and a convenient drying cupboard in the laundry. Surrounded by wellestablished, premier residences, this property represents an extraordinary opportunity to secure a home that blends luxury, comfort, and convenience in one of Ballarats most desirable locations."
Below are some similar properties in the area you may be interested in.
-
90.3%
$763K
3.2%
-$45,000
-$22,160
2.9%
2.0%
-14.6%
6.0%
Asking Price
$875,000
Estimated Purchase Price
$810,000
Stamp Duty
$43,670
Transfer Fee
$2,001
Conveyancing
$1,196
Deposit (10%)
$81,000
Reg. Mortgage
$129
LMI Premium
$23,096
Renovation Costs
-
Total Cash/Equity Required
$151,642
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,877
$2,449
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
$16,456
$24,032
Interest Repayments
$48,114
$48,114
Net Cashflow Before Tax
-$31,658
-$24,082
Depreciation
-
-
Tax Offset
-$9,497
-$7,225
Net Cashflow After Tax
-$22,160
-$16,858
Assumptions
Year 1
Year 10
Property Value
6.8%
$817,020
$1,476,978
Loan Balance
I.O
$729,000
$729,000
$88,020
$747,978
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price