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$820K
$144,008
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$870,000
Medium
$810,000
Low
$750,000
Confidence
Medium
This property is just 200 meters from Lake Wendouree, offering a prime location in Ballarat. It features two spacious living areas, a formal dining room, and three large bedrooms, providing ample space for family living and entertaining. The home is enhanced by wide hallways, abundant natural light, and modern comforts including evaporative cooling, central heating, and a solar system for energy efficiency. The garden offers potential for customization, making it ideal for those seeking a low-maintenance yet stylish home in a serene and convenient setting.
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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...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
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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
0%
78.8%
$700K
3.6%
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Try Picki for FREE$30,000
-$18,561
3.5%
Asking Price
$820,000
Estimated Purchase Price
$780,000
Stamp Duty
$41,870
Transfer Fee
$1,931
Conveyancing
$1,196
Deposit (10%)
$78,000
Reg. Mortgage
$129
LMI Premium
$22,241
Renovation Costs
-
Total Cash/Equity Required
$145,916
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
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
$19,816
$28,814
Interest Repayments
$46,332
$46,332
Net Cashflow Before Tax
-$26,516
-$17,518
Depreciation
-
-
Tax Offset
-$7,955
-$5,255
Net Cashflow After Tax
-$18,561
-$12,263
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$865,080
$1,563,859
Loan Balance
I.O
$702,000
$702,000
$163,080
$861,859
