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$400K
$78,206
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Try Picki for FREEConfidence
Medium
High
$510,000
Medium
$475,000
Low
$439,950
Confidence
Low
Discover a unique opportunity in Bayles with the original milk bar site set on a spacious 1,000m2 block. Situated at the corner of Ballarto Road and Woodman Avenue, you can build your dream family home while potentially earning income from the shop. The shop has been updated with fresh paint and new electricals, featuring an open-plan foyer, kitchenette, storage room, and plumbing-ready bathroom. The corner position allows separate access to your home from Woodman Avenue. This rare opportunity combines residential space with business potential.
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82.4%
$1.27M
2.7%
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-$23,234
-
Asking Price
$439,950
Estimated Purchase Price
$475,000
Stamp Duty
$23,570
Transfer Fee
$1,217
Conveyancing
$1,196
Deposit (10%)
$47,500
Reg. Mortgage
$129
LMI Premium
$10,500
Renovation Costs
-
Total Cash/Equity Required
$84,662
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,711
$2,232
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
-$4,976
-$6,493
Interest Repayments
$28,215
$28,215
Net Cashflow Before Tax
-$33,191
-$34,708
Depreciation
-
-
Tax Offset
-$9,957
-$10,412
Net Cashflow After Tax
-$23,234
-$24,295
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Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$427,500
$427,500
$79,800
$489,578
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2021 Population
Suburbs
Retail Trade - 13.0%
Construction - 13.0%
Education and Training - 11.0%
Health Care and Social Assistance - 10.0%
Others - 53.0%
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
