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$325K
$49,981
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Try Picki for FREEConfidence
Medium
High
$440,000
Medium
$380,000
Low
$320,000
Confidence
Medium
Located in the desirable Black Hill area, this property shines as a prime opportunity for renovation or redevelopment. Positioned on a substantial 520 square meter lot, the site is perfect for a partial or complete rebuild, capitalizing on the scenic views of the park and Ballarat city lights. Notably, the property is outside the design and development overlay, allowing for flexible building possibilities. The sizeable 4-car garage offers ample space for vehicles or a workshop. The property is conveniently close to parkland, Black Hill Primary School, and just 1.1 kilometers from the train station and CBD, providing easy access to city conveniences. This location demands attention for those looking to personalize or redevelop a property in Black Hill.
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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...
Try Picki for FREEAverage Population
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
0%
61.1%
$530K
3.4%
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Try Picki for FREE$55,000
-$3,002
6.7%
Asking Price
$350,000
Estimated Purchase Price
$325,000
Stamp Duty
$14,570
Transfer Fee
$866
Conveyancing
$1,196
Deposit (10%)
$32,500
Reg. Mortgage
$129
LMI Premium
$5,553
Renovation Costs
-
Total Cash/Equity Required
$55,364
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
$19,305
$19,305
Net Cashflow Before Tax
-$4,289
$2,677
Depreciation
-
-
Tax Offset
-$1,287
$803
Net Cashflow After Tax
-$3,002
$1,874
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$405,840
$733,662
Loan Balance
I.O
$292,500
$292,500
$113,340
$441,162
