$580K
$119,197
"Nestled in a quiet street of sought after Newington sits this attractive brick veneer home. The location is blue chip as it is close to Victoria Park, prestigious schools and Lake Wendouree. The position is also convenient to the hospital precinct, supermarkets and Ballarat CBD. The home sits on a considerable land holding of around 842m2 approx. making it ideal for extension, development, investment or even further shedding STCA. Inside you have a large living space, kitchen with attached meals area and second living area at the rear. There are three good sized bedrooms with bathroom that features separate shower and bath. The home is serviced by gas central heating and a split system for both heating and cooling. Outside you have a generous enclosed yard as well as lock up garage and workshop. This is a rare opportunity to purchase a solid home on a big block in an incredible location. The exclusive listing agent Dominic Morrison looks forward to seeing you at another busy Ballarat Real Estate open home. TH1710"
1.3%
61.9%
-
-
-$155,000
-$17,444
3.1%
2.0%
-14.6%
6.0%
Asking Price
$595,000
Estimated Purchase Price
$640,000
Stamp Duty
$33,470
Transfer Fee
$1,603
Conveyancing
$1,196
Deposit (10%)
$64,000
Reg. Mortgage
$129
LMI Premium
$18,249
Renovation Costs
-
Total Cash/Equity Required
$119,197
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
$1,877
$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
$13,096
$19,250
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$24,920
-$18,766
Depreciation
-
-
Tax Offset
-$7,476
-$5,630
Net Cashflow After Tax
-$17,444
-$13,136
Assumptions
Year 1
Year 10
Property Value
6.8%
$517,980
$936,385
Loan Balance
I.O
$576,000
$576,000
-$58,020
$360,385
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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