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$450K
$71,750
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Try Picki for FREEConfidence
High
High
$460,000
Medium
$435,000
Low
$410,000
Confidence
Medium
Grenfell Cottage, located at the prime elevated corner of Service St and Alliance St, is a charming retreat perfect for a weekend getaway. Currently an AirBnB, this cottage boasts a cozy open plan living room with a new wood heater, and a kitchen equipped with Smeg appliances. Comprising 3 bedrooms with fresh carpets, the home features an updated bathroom and a separate laundry. Outside, enjoy the low-maintenance garden and a patio for relaxation. A double garage offers ample storage on the approx. 550sqm property. Conveniently close to Clunes' amenities, it's 25 minutes from Ballarat and 90 minutes to Melbourne.
Trusted by over 13k property buyers and counting...
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73.1%
$500K
3.8%
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Try Picki for FREE$20,000
-$7,870
4.8%
Asking Price
$450,000
Estimated Purchase Price
$415,000
Stamp Duty
$19,970
Transfer Fee
$1,077
Conveyancing
$1,196
Deposit (10%)
$41,500
Reg. Mortgage
$129
LMI Premium
$9,174
Renovation Costs
-
Total Cash/Equity Required
$73,595
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
$1,566
$2,043
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
$13,407
$19,656
Interest Repayments
$24,651
$24,651
Net Cashflow Before Tax
-$11,244
-$4,995
Depreciation
-
-
Tax Offset
-$3,373
-$1,499
Net Cashflow After Tax
-$7,870
-$3,497
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$464,580
$839,850
Loan Balance
I.O
$373,500
$373,500
$91,080
$466,350
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
