$500K
$87,428
"Nestled on a tranquil treelined street in soughtafter Ballarat North, this property offers a private sanctuary with established gardens and a serene setting. The lowmaintenance outdoor spaces, including a paved area perfect for entertaining, set the stage for relaxation and enjoyment. Step inside to discover three bedrooms, light filled living space, underhouse storage, and a raised decked entertaining area, all combining to create a harmonious living experience. As you step inside, you are greeted by the warmth and beauty of stunning timber floors and warm neutral tones, creating an inviting atmosphere. The central focus of the home is the open plan kitchen, meals, and living area, designed for comfort and functionality. The kitchen features an island bench, ample cupboards and bench space, and quality stainless steel appliances, including a dishwasher. Two of the three bedrooms offer built in robes, with the master bedroom featuring a walk in robe and opens to a private deck and is equipped with a split system for climate control. The twoway bathroom boasts a shower, bath, and vanity, providing convenience and modern amenities. Stay comfortable throughout the seasons with a Rinnai gas heater and additional split system for heating and cooling. A raised decked entertaining area extends from the living area, providing a perfect spot for outdoor gatherings. Outside, the low maintenance gardens and paved area provide a perfect space for outdoor entertaining, requiring minimal upkeep. A single carport and underhouse storage offer practical solutions for storage needs. Ideal for firsttime homeowners, downsizers, or as an investment property, this home offers versatile living options to suit various lifestyles."
Below are some similar properties in the area you may be interested in.
4.2%
52.5%
$478K
4.5%
-$25,000
-$12,422
3.7%
2.4%
-14.1%
6.0%
Asking Price
$500,000
Estimated Purchase Price
$495,000
Stamp Duty
$24,770
Transfer Fee
$1,264
Conveyancing
$1,196
Deposit (10%)
$49,500
Reg. Mortgage
$129
LMI Premium
$10,943
Renovation Costs
-
Total Cash/Equity Required
$88,351
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$11,657
$17,201
Interest Repayments
$29,403
$29,403
Net Cashflow Before Tax
-$17,746
-$12,202
Depreciation
-
-
Tax Offset
-$5,324
-$3,661
Net Cashflow After Tax
-$12,422
-$8,542
Assumptions
Year 1
Year 10
Property Value
6.8%
$501,960
$907,424
Loan Balance
I.O
$445,500
$445,500
$56,460
$461,924
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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