$495K
$81,895
"In a highly soughtafter setting, this enchanting 3bedroom treasure blends comfort, convenience, and distinctive character. Its inviting weatherboard exterior hints at the warmth and endless possibilities awaiting within. Spread across 450 sqm, this snug haven features two expansive living areas, ensuring ample space for both relaxation and entertaining. The updated kitchen, adorned with new benchtops, emerges as the focal point for culinary endeavours, while the freshly painted interiors provide a blank canvas for your unique style. The bedrooms, including Bedrooms 1 2 with builtin robes, offer generous accommodation for a growing family or adaptable guest arrangements. Stay cozy yearround with the convenience of three split systems dedicated units in Bedrooms 1 2, complemented by a larger system in the rear living area. Convenience abounds relish in natures beauty and recreational pursuits at Russell Squares Cricket Oval, mere steps away. A swift 5minute drive leads to Caledonian Primary School, simplifying those bustling school mornings. The Ballarat Train Station, CBD, and the inviting Queens Head Pub are all a leisurely stroll away, offering a perfect blend of leisure and social experiences. This property brims with boundless potential. Whether you seek a snug family retreat, contemplate an Airbnb investment, or perhaps both, this home is your canvas. Embrace its comfort, embrace its character, and transform it into your personal sanctuary."
Below are some similar properties in the area you may be interested in.
7.4%
60%
$521K
3.9%
-$20,000
-$9,720
4.2%
2.7%
-12.7%
6.0%
Asking Price
$460,000
Estimated Purchase Price
$430,000
Stamp Duty
$20,870
Transfer Fee
$1,112
Conveyancing
$1,196
Deposit (10%)
$43,000
Reg. Mortgage
$129
LMI Premium
$9,506
Renovation Costs
-
Total Cash/Equity Required
$76,362
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$11,657
$17,201
Interest Repayments
$25,542
$25,542
Net Cashflow Before Tax
-$13,885
-$8,341
Depreciation
-
-
Tax Offset
-$4,166
-$2,502
Net Cashflow After Tax
-$9,720
-$5,839
Assumptions
Year 1
Year 10
Property Value
6.8%
$437,880
$791,583
Loan Balance
I.O
$387,000
$387,000
$50,880
$404,583
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