$649K
$108,700
"Situated on a large 1021m block in the desirable Black Hill area, this brick, singlestorey home offers a unique living experience just minutes from town. Upon arrival, youre greeted by the established cottage gardens. Stepping inside, the hallway features beautiful wooden flooring, leading to a bright lounge area perfect for relaxation. The wellappointed kitchen features a freestanding stove, rangehood, dishwasher, and pantry, overlooking the sunlit dining area. The home includes four bedrooms, with the master offering a split system, ceiling fan, and builtin robes, all overlooking the front garden. Two of the other bedrooms enjoy views of the backyard and beyond. The family bathroom caters to all your needs with a large bath, vanity, and shower, while the separate toilet adds extra convenience. The laundry is wellsized, maintaining a tidy and efficient space. Ample storage is provided throughout the bedrooms and the hallway of the home. Recently painted throughout, the home feels fresh and inviting. Central heating runs through the house, with an additional split system in the dining area and master bedroom for yearround comfort. A double car garage with remote entry offers secure parking, and an additional shed at the back provides extra space perfect for a games room, workshop, or hangout for older kids. The expansive block offers plenty of room for children to play and pets to roam. The established cottagestyle gardens, featuring magnolia trees, roses and blossoming flowers, are complemented by water tanks for sustainable living. Walk to the Black Hill Hotel for a quick meal, or take a short trip into town. The Ballarat Train Station is nearby, with easy access to the Melbourne Freeway, offering excellent convenience for commuters. Big blocks close to town are hard to find, making this property a rare gem with endless possibilities. With further scope for a few improvements, it will be a great way to build future equity. Dream of the potential this enchanting property holds. To explore its possibilities, call Narelle Smith today"
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1.1%
54.5%
-
-
-$80,000
-$14,437
3.6%
2.5%
-12.9%
6.0%
Asking Price
$649,000
Estimated Purchase Price
$600,000
Stamp Duty
$31,070
Transfer Fee
$1,510
Conveyancing
$1,196
Deposit (10%)
$60,000
Reg. Mortgage
$129
LMI Premium
$17,108
Renovation Costs
-
Total Cash/Equity Required
$111,562
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
$1,877
$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
$15,016
$21,982
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$20,624
-$13,658
Depreciation
-
-
Tax Offset
-$6,187
-$4,097
Net Cashflow After Tax
-$14,437
-$9,560
Assumptions
Year 1
Year 10
Property Value
6.8%
$555,360
$1,003,959
Loan Balance
I.O
$540,000
$540,000
$15,360
$463,959
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 Days of Supply
Sold Price
Asking Price