$695K
$143,053
"Nestled in the heart of Newington, this enchanting weatherboard residence combines the timeless beauty of its heritage with sophisticated contemporary updates, creating a living experience thats both luxurious and homely. Location Unparalleled Situated in the highly coveted suburb of Newington, this address offers the best of both worlds a serene, familyfriendly neighbourhood and immediate access to Ballarats bustling city life. Esteemed educational institutions, topnotch sporting facilities, and the lush expanses of Victoria Park are all within reach, making it an ideal spot for families and professionals alike. Architectural Allure Upon arrival, youre greeted by the charming facade of this classic weatherboard home. Step inside to discover polished timber floors and high ceilings, echoing stories from a bygone era. Every corner of this abode whispers elegance, with careful renovations preserving its historical charm while catering to modern sensibilities. Sophisticated Interiors The heart of this home is its fully renovated, 21stcentury kitchen. It acts as a modern hub, seamlessly connecting two living zones that offer both privacy and openplan living. Highquality hardwood timber flooring in these areas complements the gleaming tiles, adding a touch of rustic warmth. Comfort and Convenience The master bedroom, a sanctuary of tranquillity, features generous storage in the walkin robe and a fresh, neutraltoned ensuite. Two additional bedrooms bask in the northern sun, equipped with floortoceiling robes. The stylish main bathroom, laundry, and walkin storage room are centrally located for utmost functionality. Energy Efficiency Meets Style This residence is a paragon of energy efficiency, thanks to solar panels and wool insulation. The comfort is enhanced by reverse cycle airconditioning in the main living room and retractable fans in other areas. An ornate fireplace in the front living area adds a touch of vintage charm. IndoorOutdoor Living French doors open to a captivating indooroutdoor entertaining area, perfect for hosting gatherings throughout the year. The carport, secured with a remotecontrolled roller door, and an additional undercover parking space, are thoughtful inclusions. Low Maintenance Lifestyle The property is adorned with droughtfriendly plantings, ensuring effortless upkeep without compromising on aesthetics. 7 Malakoff Street is more than just a house its a home that promises a blend of history, luxury, and convenience. Dont miss the opportunity to experience the perfect balance of past and present in one of Ballarats most prestigious locales. This property is not just a residence its a lifestyle choice for those who appreciate the finer things in life."
Below are some similar properties in the area you may be interested in.
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66.2%
-
-
-$245,000
-$20,466
2.9%
2.0%
-14.7%
6.0%
Asking Price
$695,000
Estimated Purchase Price
$745,000
Stamp Duty
$39,770
Transfer Fee
$1,849
Conveyancing
$1,196
Deposit (10%)
$74,500
Reg. Mortgage
$129
LMI Premium
$21,243
Renovation Costs
-
Total Cash/Equity Required
$139,236
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,016
$21,982
Interest Repayments
$44,253
$44,253
Net Cashflow Before Tax
-$29,237
-$22,271
Depreciation
-
-
Tax Offset
-$8,771
-$6,681
Net Cashflow After Tax
-$20,466
-$15,589
Assumptions
Year 1
Year 10
Property Value
6.8%
$534,000
$965,345
Loan Balance
I.O
$670,500
$670,500
-$136,500
$294,845
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price