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$950K
$165,956
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,200,000
Medium
$1,050,000
Low
$900,000
Confidence
Medium
This unique property features a large dual-dwelling home, offering diverse living options such as accommodating a large family, a weekend retreat, or potential rental income. The main residence includes two bedrooms with built-in robes, a renovated bathroom, a modern kitchen, and a spacious lounge with luxurious features like a split system air conditioner, wood-burning heater, and gas log fire. The second dwelling mirrors the main in layout and amenities. Resting on approximately 3 acres, it includes an inground pool, entertainment area, two fenced paddocks, secure dog run, and ample parking. Conveniently located 5 minutes from Castlemaine CBD, with easy access to the Calder Freeway, it's a strategic spot for trips to Bendigo or Melbourne.
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90.6%
$615K
4.7%
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Try Picki for FREE$115,000
-$23,839
3.1%
Asking Price
$975,000
Estimated Purchase Price
$935,000
Stamp Duty
$51,170
Transfer Fee
$2,294
Conveyancing
$1,196
Deposit (10%)
$93,500
Reg. Mortgage
$129
LMI Premium
$26,660
Renovation Costs
-
Total Cash/Equity Required
$175,498
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,650
$2,153
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
$21,483
$31,159
Interest Repayments
$55,539
$55,539
Net Cashflow Before Tax
-$34,056
-$24,380
Depreciation
-
-
Tax Offset
-$10,217
-$7,314
Net Cashflow After Tax
-$23,839
-$17,066
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,121,400
$2,027,224
Loan Balance
I.O
$841,500
$841,500
$279,900
$1,185,724
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
Manufacturing - 22.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 10.0%
Public Administration and Safety - 9.0%
Others - 46.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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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