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$950K
$178,361
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$455,000
Low
$430,000
Confidence
Medium
Explore a highly versatile property encompassing 2198m2 across two titles, offering opportunities for further subdivision or boundary adjustments (STCA). The stone-built home presents an ambient charm with updates including fresh paint, new fencing, and modernized bathrooms. Enjoy the comforts of subfloor and ceiling insulation, alongside multiple split system air conditioners. The property features two split-level balconies with picturesque views, welcoming sunrises over Mt Warrenheip and vibrant sunsets over Mt Buninyong. The landscape includes a developed garden, mature orchard, and grape vines. Additional features: solar electric entry gates, polished floorboards, ducted vacuum system, open plan kitchen/dining area, separate lounge, ample storage, and two carports. The Master Studio, equipped with a 6.6KW inverter, offers Airbnb potential due to its appealing design and convenient location near Ballarat's attractions.
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55%
$405K
5.1%
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Try Picki for FREE-$410,000
-$25,455
2.5%
Asking Price
$865,000
Estimated Purchase Price
$865,000
Stamp Duty
$46,970
Transfer Fee
$2,130
Conveyancing
$1,196
Deposit (10%)
$86,500
Reg. Mortgage
$129
LMI Premium
$24,664
Renovation Costs
-
Total Cash/Equity Required
$162,139
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
$51,381
$51,381
Net Cashflow Before Tax
-$36,365
-$29,399
Depreciation
-
-
Tax Offset
-$10,909
-$8,820
Net Cashflow After Tax
-$25,455
-$20,579
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$485,940
$878,464
Loan Balance
I.O
$778,500
$778,500
-$292,560
$99,964
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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...
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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
