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$575K
$120,151
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$580,000
Medium
$550,000
Low
$520,000
Confidence
Not Applicable
This prime block in Bendigo's prestigious area offers an ideal opportunity to construct your dream home. It spans 971m2 with a wide 23m frontage and is fully serviced, making it a blank canvas for creativity. Conveniently located near Kennington Village and other amenities, and within a short drive to Bendigo's CBD and notable schools, this block is the last available in its subdivision, offering a rare chance for development.
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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 - 18.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 53.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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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
0%
87.3%
$1.18M
123.2%
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Try Picki for FREE-$30,000
-$27,599
-
Asking Price
$550,000
Estimated Purchase Price
$580,000
Stamp Duty
$29,870
Transfer Fee
$1,463
Conveyancing
$1,196
Deposit (10%)
$58,000
Reg. Mortgage
$129
LMI Premium
$16,538
Renovation Costs
-
Total Cash/Equity Required
$107,745
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,710
$2,231
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
-$4,975
-$6,491
Interest Repayments
$34,452
$34,452
Net Cashflow Before Tax
-$39,427
-$40,943
Depreciation
-
-
Tax Offset
-$11,828
-$12,283
Net Cashflow After Tax
-$27,599
-$28,660
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$587,400
$1,061,879
Loan Balance
I.O
$522,000
$522,000
$65,400
$539,879
