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$695K
$136,373
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Try Picki for FREEConfidence
High
High
$670,000
Medium
$645,000
Low
$620,000
Confidence
Not Found
This spacious home overlooks the third hole at Midlands Golf Club, offering a serene location with convenient access to Northway Shopping Centre, the Melbourne Freeway, and Ballarat CBD. It features a large L-shaped living area connected to a north-facing outdoor entertaining space, a functional kitchen with ample storage, a master bedroom with a walk-in robe and ensuite, and additional bedrooms with built-in storage. The property includes a main bathroom, full laundry, gas central heating, split system, LED lighting, and motorized external blinds. Outdoor amenities include a double lock-up garage, large workshop, and carport. Direct access to the golf course enhances its appeal.
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88.4%
$511K
5.2%
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Try Picki for FREE$35,000
-$28,963
-
Asking Price
$695,000
Estimated Purchase Price
$610,000
Stamp Duty
$31,670
Transfer Fee
$1,533
Conveyancing
$1,196
Deposit (10%)
$61,000
Reg. Mortgage
$129
LMI Premium
$17,393
Renovation Costs
-
Total Cash/Equity Required
$113,471
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$5,142
-$6,709
Interest Repayments
$36,234
$36,234
Net Cashflow Before Tax
-$41,376
-$42,943
Depreciation
-
-
Tax Offset
-$12,413
-$12,883
Net Cashflow After Tax
-$28,963
-$30,060
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Year 1
Year 10
Property Value
6.8%
$688,860
$1,245,295
Loan Balance
I.O
$549,000
$549,000
$139,860
$696,295
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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
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
