$375K
$59,761
"Welcome to 1 Lofven Street, Nerrina This delightful 3bedroom home is perfectly positioned on a generous 1017 sqm block, with huge potential ready for renovation and to create a truly special dream home. With a price guide of 375,000 395,000, this property presents an incredible opportunity for buyers looking to make their mark in the thriving Nerrina area. Situated in the peaceful suburb of Nerrina, youll enjoy a tranquil lifestyle while still being just a short drive from local amenities, schools, parks, and public transport. This home is ready for your personal touch Whether youre looking to renovate, extend, or simply move in and enjoy, the possibilities are endless. Huge 1004 sqm block 3 bedroom cottage Picturesque setting Walking track at door step 3 bedrooms Single garage with workshop Dont miss out on this fantastic opportunity to secure a beautiful home in a soughtafter location. Contact us today to arrange a private inspection and see for yourself why 1 Lofven Street is the perfect place to call home Ballarats BestSelling Team"
Below are some similar properties in the area you may be interested in.
-
90.3%
$763K
3.2%
$385,000
-$3,834
6.3%
4.3%
-6.3%
6.0%
Asking Price
$375,000
Estimated Purchase Price
$345,000
Stamp Duty
$15,770
Transfer Fee
$913
Conveyancing
$1,196
Deposit (10%)
$34,500
Reg. Mortgage
$129
LMI Premium
$7,627
Renovation Costs
-
Total Cash/Equity Required
$60,684
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
$1,877
$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
$15,016
$21,982
Interest Repayments
$20,493
$20,493
Net Cashflow Before Tax
-$5,477
$1,489
Depreciation
-
-
Tax Offset
-$1,643
$447
Net Cashflow After Tax
-$3,834
$1,043
Assumptions
Year 1
Year 10
Property Value
6.8%
$779,640
$1,409,404
Loan Balance
I.O
$310,500
$310,500
$469,140
$1,098,904
Did you know you need to engage a conveyancer when buying a property?
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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