$600K
$111,562
"Situated in one of Ballarats most sought after areas is this newly renovated three bedroom period home on a generous allotment of around 661m2. Soldiers Hill is popular for its close proximity to Ballarat Train Station, schools, cafes, restaurants and the Ballarat CBD. The period weatherboard facade is a great indication of what lies within with heritage features throughout with a modern twist including high ceilings, squareset cornices, intricate woodwork and polished floorboards. The home comprises three bedrooms which feature full height blinds with shutters, two of which include build in robes and ceiling fans whilst the third features exposed brickwork. The lounge room boasts an abundance of natural light provided by the skylight also including an open brick fire place. Heading to the rear of the home you will find the kitchen which comprises of timber bench tops, 900mm oven and cooktop and dishwasher. The well designed bathroom provides an extensive shower, toilet with floating vanity. The home is serviced by central heating and a split system in the lounge room to keep you comfortable all year round. Outside you will find the back patio area overlooking the well maintained backyard, carport and bungalow. You also have rear access from the side driveway. In addition to all of this, the already substantial property has proposed plans for a gorgeous extension STCA. Be quick to book in your inspection as this one is sure to be popular. TH0407"
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1.5%
62.1%
-
-
-$40,000
-$13,093
4.0%
2.8%
-11.7%
6.0%
Asking Price
$600,000
Estimated Purchase Price
$600,000
Stamp Duty
$31,070
Transfer Fee
$1,510
Conveyancing
$1,196
Deposit (10%)
$60,000
Reg. Mortgage
$129
LMI Premium
$17,108
Renovation Costs
-
Total Cash/Equity Required
$111,562
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,920
$34,046
Property Management
+7.7% PA
$1,842
$2,622
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
$16,936
$24,715
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$18,704
-$10,925
Depreciation
-
-
Tax Offset
-$5,611
-$3,278
Net Cashflow After Tax
-$13,093
-$7,648
Assumptions
Year 1
Year 10
Property Value
6.8%
$598,080
$1,081,186
Loan Balance
I.O
$540,000
$540,000
$58,080
$541,186
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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