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$2.85M
$500,753
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High
-
Medium
-
Low
-
Confidence
Nestled in one of Ballarat's most prestigious streets, this home presents a rare opportunity for families and investors. The prime location offers proximity to top-tier schools, hospitals, and is mere steps from Lake Wendouree. Spanning approximately half an acre, the property offers significant scope for renovation, aligning with existing architectural concepts, and space for luxurious additions like a pool or tennis court. Featuring two living rooms, a sunroom, and multiple outdoor entertainment options, this residence is ideal for social gatherings. Landscaped grounds add allure, with room for further development. Private inspections ensure a personal viewing experience.
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78.1%
$1.25M
2%
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Try Picki for FREE-$115,000
-$91,291
1.4%
Asking Price
$2,850,000
Estimated Purchase Price
$2,715,000
Stamp Duty
$156,475
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$271,500
Reg. Mortgage
$129
LMI Premium
$84,953
Renovation Costs
-
Total Cash/Equity Required
$518,419
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
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
$30,855
$44,526
Interest Repayments
$161,271
$161,271
Net Cashflow Before Tax
-$130,416
-$116,745
Depreciation
-
-
Tax Offset
-$39,125
-$35,024
Net Cashflow After Tax
-$91,291
-$81,722
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$2,776,800
$5,019,794
Loan Balance
I.O
$2,443,500
$2,443,500
$333,300
$2,576,294
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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...
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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
