$749K
$140,190
"Set on approx. 5 acres backing onto the BallaratSkipton Rail Trail surrounded with picturesque views, is this charming lifestyle property in tightly held Bunkers Hill. The home offers a functional family floorplan comprising of four spacious bedrooms, with the master including oversized ensuite with disabled access and a large walkin robe. There is plenty of room to spread out with two large living spaces and a central quality kitchendining area for the family to gather. Additionally, a generous sized bathroom services the bedrooms in one wing of the home. At the rear of the home there is a large sunroom opening up to a lovely decked area with disabled access, an ideal spot for entertaining or to simply sit back and relax with gorgeous views overlooking the enclosed backyard and serene setting of the paddock and feature dam on the property. The enclosed backyard offers the perfect place for kids and pets to play, while the well fenced paddock allows for various rural pursuits and livestock opportunities. Ample shedding is provided with a 5car carport, workshop area with concrete floor, single phase power, and convenient rear access to the paddock. Additionally, there is a wood shed, open bay shed and stable hay shed making it the ultimate property for your storage needs. The property backs onto the BallaratSkipton Rail Trail allowing convenient access for the family to enjoy a leisurely walk. The services to the property include town water, mains power, septic tank for sewerage and bottled gas. A short drive will have you at the Lucas Coltman Plaza, schooling within the Ballarat High School zoning, excellent sporting facilities, shops and Ballarat CBD. Homes in the area on this idyllic land size are tightly held and this property offers an affordable option to live the quiet country life. To book a viewing contact Matt Edwards on 0401 728 881 or Sophie Constable on 0497 272 195."
-
84.8%
-
-
-$30,000
-$19,666
3.1%
2.2%
-14.0%
6.0%
Asking Price
$749,000
Estimated Purchase Price
$750,000
Stamp Duty
$40,070
Transfer Fee
$1,861
Conveyancing
$1,196
Deposit (10%)
$75,000
Reg. Mortgage
$129
LMI Premium
$21,385
Renovation Costs
-
Total Cash/Equity Required
$140,190
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,456
$24,032
Interest Repayments
$44,550
$44,550
Net Cashflow Before Tax
-$28,094
-$20,518
Depreciation
-
-
Tax Offset
-$8,428
-$6,155
Net Cashflow After Tax
-$19,666
-$14,363
Assumptions
Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$675,000
$675,000
$93,960
$715,097
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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