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$700K
$117,288
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Try Picki for FREEConfidence
High
High
$740,000
Medium
$680,000
Low
$620,000
Confidence
Medium
Escape to 3.5 serene acres with a renovated 3-bedroom, 2-bathroom home blending modern comforts and rural charm. Enjoy a dream kitchen with brand-new Bosch appliances, luxury bathrooms with spa-like features, and sustainable living with solar power and rainwater tanks. Relish fresh produce from your own mini orchard, including over 35 fruit, nut, and olive trees. With proximity to fantastic local schools and nearby towns like Ballarat and Daylesford, this home offers a peaceful retreat with room to grow and potential for future subdivision.
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82.9%
$631K
3.7%
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-$17,545
3.2%
Asking Price
$735,000
Estimated Purchase Price
$680,000
Stamp Duty
$35,870
Transfer Fee
$1,697
Conveyancing
$1,196
Deposit (10%)
$68,000
Reg. Mortgage
$129
LMI Premium
$19,389
Renovation Costs
-
Total Cash/Equity Required
$126,831
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
$1,566
$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
$15,327
$22,388
Interest Repayments
$40,392
$40,392
Net Cashflow Before Tax
-$25,065
-$18,004
Depreciation
-
-
Tax Offset
-$7,519
-$5,401
Net Cashflow After Tax
-$17,545
-$12,603
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$612,000
$612,000
$114,240
$700,869
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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
