$695K
$127,785
"Welcoming to the market is this sensational family home set on a generous 727m block, this home offers an ideal blend of modern amenities and classic charm, perfectly suited for growing families. The home has been meticulously updated with fresh paint both inside and out, and boasts recent renovations that ensure a movein ready experience with a contemporary feel. This inviting home features four generously sized bedrooms all with built in robes, including a master suite with its own ensuite bathroom for added privacy. The family bathroom has been thoughtfully renovated and showcases a luxurious freestanding bath. The expansive formal Lshaped living area is complemented by an openplan kitchen, dining, and living space, creating a versatile environment for both relaxation and entertaining. The kitchen offers 900mm gas cooking, dishwasher and ample bench and storage space. Comfort is paramount with gas central heating throughout, split systems installed in the master bedroom and both living areas, and new window coverings adding a touch of elegance. The oversized carport provides ample space for caravan parking. Under the house is an ideal workshop or storage area that adds to the functionality of the home. Other key features include the renovated separated laundry great for families, the opportunity to extend the back of the home with a large entertaining area to take in the view of lake Wendouree whilst the large, fully fenced yard not only enhances security but also provides a spacious area for children to play and for outdoor gatherings. Situated in a highly soughtafter Ballarat North neighbourhood, this home benefits from proximity to local schools, making it an ideal choice for families. The Ballarat CBD is just a short drive away, offering convenient access to a variety of amenities and services whilst also only being 2.3km to the Northway Shopping centre. Additionally, the property has easy access to the Melbourne freeway, ensuring a smooth commute. This home is a true and perfect blend of comfort, convenience, and locationan opportunity you wont want to miss"
Below are some similar properties in the area you may be interested in.
-
81.9%
$665K
3.1%
-$220,000
-$18,643
3.0%
2.0%
-14.6%
6.0%
Asking Price
$695,000
Estimated Purchase Price
$685,000
Stamp Duty
$36,170
Transfer Fee
$1,709
Conveyancing
$1,196
Deposit (10%)
$68,500
Reg. Mortgage
$129
LMI Premium
$19,532
Renovation Costs
-
Total Cash/Equity Required
$127,785
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
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
$14,056
$20,616
Interest Repayments
$40,689
$40,689
Net Cashflow Before Tax
-$26,633
-$20,073
Depreciation
-
-
Tax Offset
-$7,990
-$6,022
Net Cashflow After Tax
-$18,643
-$14,051
Assumptions
Year 1
Year 10
Property Value
6.8%
$496,620
$897,771
Loan Balance
I.O
$616,500
$616,500
-$119,880
$281,271
Did you know you need to engage a conveyancer when buying a property?
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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