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$565K
$88,351
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Try Picki for FREEConfidence
High
High
$650,000
Medium
$595,000
Low
$540,000
Confidence
Medium
Nestled in the heart of Fryerstown, just a short drive from Castlemaine, is a charming circa 1890s one-bedroom cottage. This picturesque retreat, set on approximately 651 sqm, captures the essence of the town's historic goldmining past. Surrounded by mature Elm trees and lush bushland, this home offers a peaceful escape. The cottage features period details, such as timber floorboards and double-hung windows, complemented by modern amenities like a split system and dishwasher. The spacious back garden, which blends seamlessly with crown land, includes mature trees, hedges, and meandering brick pathways leading to tranquil sitting areas. A shed provides additional storage. This property could be an ideal weekend getaway or downsizer, promising quiet living in one of Victoria's most scenic regional towns. With town water and bottled gas, this cottage provides a blend of historical charm with contemporary comfort.
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83.5%
$714K
2.8%
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Try Picki for FREE$45,000
-$13,543
3.6%
Asking Price
$595,000
Estimated Purchase Price
$550,000
Stamp Duty
$28,070
Transfer Fee
$1,393
Conveyancing
$1,196
Deposit (10%)
$55,000
Reg. Mortgage
$129
LMI Premium
$12,158
Renovation Costs
-
Total Cash/Equity Required
$98,496
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,650
$2,153
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
$13,323
$19,546
Interest Repayments
$32,670
$32,670
Net Cashflow Before Tax
-$19,347
-$13,124
Depreciation
-
-
Tax Offset
-$5,804
-$3,937
Net Cashflow After Tax
-$13,543
-$9,187
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$635,460
$1,148,760
Loan Balance
I.O
$495,000
$495,000
$140,460
$653,760
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2021 Population
Suburbs
Manufacturing - 22.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 10.0%
Public Administration and Safety - 9.0%
Others - 46.0%
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
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
