$545K
$87,428
"A perfect opportunity to buy now, live in or invest for future development. Comprising of four good sized bedrooms all of which feature builtinrobes. There are also twofamily bathrooms with shower, vanity and two toilets. The front of this striking home holds the living area featuring a gas heater with elevated views across town, adjoining off the living area is the updated open plan dining and kitchen space equipped with 900mm gas cooktop stove, oven, double sink, dishwasher, and plenty of cabinetry for storage. In addition to this already unique and rare opportunity is a fully selfcontained bungalow, perfect for dual living or creating that additional income. Previous planning permit approved for 2 units on the site. This will prove to be perfect for the investor with the front house being leased for 420 per week, while the bungalow is currently tenanted for 220 per week as well. Both properties are set on the one title comprising a massive 1,018m2 allotment with a beautiful established garden surrounds and separate yards for home and bungalow. Car accommodation is well catered for with the four car garage. The location here is superb we are moments away to supermarkets, cafes, speciality shops, chemists, medical facilities and being within walking distance to the Ballarat CBD, this is a wonderful location to lead a desirable lifestyle. An incredible opportunity to break into the popular Black Hill suburb or simply add that stress free investment to the property to the portfolio. Be quick on this one Contact Tony to arrange your very own private inspection."
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Location, 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 Days of Supply
Sold Price
Asking Price
-
61.1%
-
-
-$40,000
-$11,158
4.1%
2.8%
-12.4%
6.0%
Asking Price
$545,000
Estimated Purchase Price
$505,000
Stamp Duty
$25,370
Transfer Fee
$1,287
Conveyancing
$1,196
Deposit (10%)
$50,500
Reg. Mortgage
$129
LMI Premium
$11,164
Renovation Costs
-
Total Cash/Equity Required
$90,195
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
$29,997
$29,997
Net Cashflow Before Tax
-$15,941
-$9,381
Depreciation
-
-
Tax Offset
-$4,782
-$2,814
Net Cashflow After Tax
-$11,158
-$6,567
Assumptions
Year 1
Year 10
Property Value
6.8%
$496,620
$897,771
Loan Balance
I.O
$454,500
$454,500
$42,120
$443,271
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