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$945K
$177,407
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Try Picki for FREEConfidence
High
High
$1,150,000
Medium
$1,050,000
Low
$950,000
Confidence
Not Found
Located in the idyllic Mitchell Park, this expansive family home sits on a 2.27ha plot, combining tranquility with urban convenience. Close to Coltman Plaza and near Ballarat CBD, the home features an 80s brick veneer facade, horseshoe driveway, and a DLUG. Inside, discover five bedrooms, a spacious sunken lounge with a wood fire, and a chef's kitchen loaded with modern appliances. The backyard offers a deck for entertaining, extensive gardens with fruit trees, and a 5-bay shed with 3-phase power. Central heating, cooling, and multiple split systems ensure year-round comfort. This property promises more than just a home; it offers a flourishing family lifestyle with sustainable living options through its gardens and water tanks.
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Location, 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
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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%
78.6%
-
-
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-$47,258
-
Asking Price
$1,050,000
Estimated Purchase Price
$1,050,000
Stamp Duty
$57,750
Transfer Fee
$2,563
Conveyancing
$1,196
Deposit (10%)
$105,000
Reg. Mortgage
$129
LMI Premium
$29,939
Renovation Costs
-
Total Cash/Equity Required
$197,127
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$5,142
-$6,709
Interest Repayments
$62,370
$62,370
Net Cashflow Before Tax
-$67,512
-$69,079
Depreciation
-
-
Tax Offset
-$20,254
-$20,724
Net Cashflow After Tax
-$47,258
-$48,355
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,121,400
$2,027,224
Loan Balance
I.O
$945,000
$945,000
$176,400
$1,082,224
