$695K
$143,053
"Discover the epitomine of expansive modern living on a substantial 1388m2 allotment in the highly sought after suburb Miners Rest. Conveniently designed for family living and entertaining this 4 bedroom home boasts an open plan hub that seamlessly connects out onto the central undercover decked alfresco area. Located close to Miners Rest Primary School, IGA supermarket, local petrol stationcaf and easy connection to the Western Highway and short drive to Wendouree Train Station and Ballarats CBD, convenience is at your doorstep Transformed over time with renovations that reflect a tasteful, warm and welcoming ambience this large floor plan is well designed to cater for everyday relaxation to easy entertaining. The sleek wellappointed kitchen is a chefs delight and boasts a massive island stone bench top catering as a breakfast bar, double wall oven, large fridge space and semi walk in pantry and ample cupboard space adjoins the livingmeals space and is complemented with direct access to the lovely alfresco area, the perfect place to relax and entertain no matter the season. Two large living areas and the option of a third with the formal dining room allows for the possibility of a kids playroom, study or parentteenage retreats catering for everyones requirements. Master bedroom with ensuite and walk in robe and the other three other bedrooms are spacious with one boasting a large walkin robe and built in robes to the remaining two. Enjoy the comforts all year round with central heating and cooling plus ceiling fans to all bedrooms. Additionally utilise the large laundry as a mud room complete with the third toilet and a shower, also enjoy the benefits of a 4.2kw solar unit installed on the property drastically reducing your power bills and providing sustainable energy for your household. Outside you will find ample undercover space for 5 vehicles and many more parks off street, this home will provide the car enthusiast or tradie with secure shedding. The large 9.5 x 8m shed includes high roller doors allowing clearance for your caravan or boat and plenty of room for your trailer. Located in the welcoming community of Miners Rest, this home offers a sensational lifestyle with the perfect blend of comfort, style and functionality in an appealing country style suburb. With so much on offer here to enjoy, call Leigh for your inspection today."
Below are some similar properties in the area you may be interested in.
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86.6%
$620K
3.7%
-$145,000
-$21,138
2.8%
1.9%
-15.2%
6.0%
Asking Price
$695,000
Estimated Purchase Price
$745,000
Stamp Duty
$39,770
Transfer Fee
$1,849
Conveyancing
$1,196
Deposit (10%)
$74,500
Reg. Mortgage
$129
LMI Premium
$21,243
Renovation Costs
-
Total Cash/Equity Required
$139,236
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
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
$14,056
$20,616
Interest Repayments
$44,253
$44,253
Net Cashflow Before Tax
-$30,197
-$23,637
Depreciation
-
-
Tax Offset
-$9,059
-$7,091
Net Cashflow After Tax
-$21,138
-$16,546
Assumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$670,500
$670,500
-$29,700
$487,914
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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