$849K
$147,825
"Ideally located just 110 kilometres from Melbourne, with only a solitary set of traffic lights separating you from the bustling CBD, this property is a mere 3 kilometres from Ballarats vibrant heart, providing easy access to the citys amenities. Step inside, and youll find the interior of this home has been meticulously renovated. The heart of this home is its stateoftheart kitchen butlers pantry, adorned with stone benchtops, granite sinks, porcelain splashback tiles and a highquality Italianmade stove and rangehood. All appliances are brand new, never been used and come with new product warranties. The master bedroom boasts a spacious walkin wardrobe and ensuite, while generously sized 2nd and 3rd bedrooms, along with a versatile study or optional 4th bedroom, offer ample space to suit your needs. The family bathroom features a roomy walkin shower, a luxurious soak bath, and an LED backlit mirror. A fullsized laundry, separate 2nd toilet and skirting tiles in all wet areas enhance functionality. Additional Features Include o Beautiful Australianengineered hardwood Black Butt flooring. o Comprehensive rewiring with new power points, LED downlights, and an upgraded switchboard complete with an electrical certificate. o Full replumbing with stunning brushed brass fittings throughout. o Brandnew solid wood doors throughout complemented by brushed brass hardware. o New central heating throughout the entire home, along with splitsystem heatingcooling in the living area. o Fully repointed and cleaned terracotta tiled roof. o Front and rear security lighting Outdoors, youll discover a newly constructed 9m x 6m 4car carport with a roller door, LED lights, and power. Entertaining is a breeze with a wellappointed outdoor kitchen featuring a brandnew 4burner BBQ and a plumbedin sink. Additionally, newly constructed Merbu front and rear decks offer stylish spaces for relaxation and entertainment. Spanning a spacious 739m2 block with convenient rear access to Gent Street, this property boasts tremendous potential. Whether you envision a large shed, a pool, a play area, caravan or boat storage, or even subdivision possibilities STCA, the expansive 300m2 flat grassed backyard provides boundless opportunities. Convenience is at your doorstep, with an array of amenities, including an IGA, Chemist Warehouse, daycare centres, and both primary and secondary schools, all within close reach. Dont miss your chance to make this exceptional property your new dream home."
Below are some similar properties in the area you may be interested in.
1.6%
49%
$539K
4.7%
-$400,000
-$23,664
2.7%
1.9%
-15.2%
6.0%
Asking Price
$895,000
Estimated Purchase Price
$830,000
Stamp Duty
$44,870
Transfer Fee
$2,048
Conveyancing
$1,196
Deposit (10%)
$83,000
Reg. Mortgage
$129
LMI Premium
$23,666
Renovation Costs
-
Total Cash/Equity Required
$155,459
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,360
$31,825
Property Management
+7.7% PA
$1,722
$2,451
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
$15,496
$22,666
Interest Repayments
$49,302
$49,302
Net Cashflow Before Tax
-$33,806
-$26,636
Depreciation
-
-
Tax Offset
-$10,142
-$7,991
Net Cashflow After Tax
-$23,664
-$18,646
Assumptions
Year 1
Year 10
Property Value
6.8%
$459,240
$830,197
Loan Balance
I.O
$747,000
$747,000
-$287,760
$83,197
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
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