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$645K
$126,831
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$660,000
Medium
$620,000
Low
$580,000
Confidence
Medium
This enticing property in Ballarat offers a promising development opportunity on an approximately 960m2 plot. With an existing three-bedroom home featuring spacious living areas, a semi-modern kitchen, and additional amenities, it is primed for potential income while planning for future development. The property includes a planning permit for four units, each with two bedrooms, two bathrooms, and a single-car garage. Located conveniently close to Ballarat CBD, Delacombe Shopping Complex, schools, parks, and transport options, it offers easy access to Ballarat's major activity centers. With the potential for risk-free returns, this is an ideal investment for boutique builders or NDIS providers.
Trusted by over 13k property buyers and counting...
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72%
$457K
4.2%
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Try Picki for FREE-$60,000
-$19,107
2.9%
Asking Price
$645,000
Estimated Purchase Price
$680,000
Stamp Duty
$35,870
Transfer Fee
$1,697
Conveyancing
$1,196
Deposit (10%)
$68,000
Reg. Mortgage
$129
LMI Premium
$19,389
Renovation Costs
-
Total Cash/Equity Required
$126,831
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$13,096
$19,250
Interest Repayments
$40,392
$40,392
Net Cashflow Before Tax
-$27,296
-$21,142
Depreciation
-
-
Tax Offset
-$8,189
-$6,343
Net Cashflow After Tax
-$19,107
-$14,799
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$612,000
$612,000
$50,160
$585,028
Location, 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
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
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