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$675K
$113,471
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This charming, historical weatherboard home in Clunes, the former Bible Christian Ministers residence, offers a unique blend of vintage charm and renovation potential. Located within a significant precinct, it's equipped with three bedrooms, a large bathroom, and features like original timber floors and French doors. The kitchen is a nostalgic delight with its vintage wood heater. The outdoor space includes a veranda, a picturesque garden with fruit trees, and a self-contained bungalow. With modern amenities like town water and NBN available, this property balances old-world charm with modern convenience, located just 25 minutes from Ballarat.
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73.1%
$500K
3.8%
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Try Picki for FREE$5,000
-$17,337
3.2%
Asking Price
$730,000
Estimated Purchase Price
$675,000
Stamp Duty
$35,570
Transfer Fee
$1,685
Conveyancing
$1,196
Deposit (10%)
$67,500
Reg. Mortgage
$129
LMI Premium
$19,247
Renovation Costs
-
Total Cash/Equity Required
$125,876
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,566
$2,043
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
$15,327
$22,388
Interest Repayments
$40,095
$40,095
Net Cashflow Before Tax
-$24,768
-$17,707
Depreciation
-
-
Tax Offset
-$7,430
-$5,312
Net Cashflow After Tax
-$17,337
-$12,395
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$607,500
$607,500
$118,740
$705,369
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
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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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
