$396K
$68,984
"Positioned in one of Ballarats most sought after areas is this spacious home full of charm. The location is highly popular due to its close proximity to schools, shops, parks, water park, public transport and only minutes to the train station and Ballarat CBD. On arrival you will be presented with a beautifully presented and easy to maintain yard with ample car space. Entering the home you will be greeted to a spacious home with high ceilings and timber floorboards throughout. The three bedrooms are all of great size and feature built in robes. The open plan kitchen, dining and living room is also of great size with lots of cupboard space and room to move and is naturally light filled throughout. The bathroom features separate shower and bath, while there is a stand alone laundry to the back of the home with easy access out to the yard. Outside, is the fully enclosed yard great for kids and pets, garden shed and a very low maintenance yard. Other features include, wood log fireplace and split system making it comfortable living all year round. This is an amazing opportunity for the investor, first home buyer or downsizer so to avoid missing out call exclusive listing agent Adam Vranesic 0432 788 733 today"
Below are some similar properties in the area you may be interested in.
2.2%
62.2%
$555K
3.6%
$95,000
-$7,385
4.9%
3.2%
-10.7%
6.0%
Asking Price
$395,500
Estimated Purchase Price
$390,000
Stamp Duty
$18,470
Transfer Fee
$1,018
Conveyancing
$1,196
Deposit (10%)
$39,000
Reg. Mortgage
$129
LMI Premium
$8,621
Renovation Costs
-
Total Cash/Equity Required
$68,984
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,240
$27,385
Property Management
+7.7% PA
$1,481
$2,109
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
$12,617
$18,567
Interest Repayments
$23,166
$23,166
Net Cashflow Before Tax
-$10,549
-$4,599
Depreciation
-
-
Tax Offset
-$3,165
-$1,380
Net Cashflow After Tax
-$7,385
-$3,219
Assumptions
Year 1
Year 10
Property Value
6.8%
$517,980
$936,385
Loan Balance
I.O
$351,000
$351,000
$166,980
$585,385
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