$1.28M
$242,484
"Introducing 9 Highfield Road, Mitchell Park a remarkable property offering unparalleled space, comfort, and lifestyle opportunities. Nestled on a sprawling 10acre parcel of land, this residence combines rural tranquillity with modern living, presenting an ideal retreat just 10 minutes from the vibrant city of Ballarat. Boasting four bedrooms, two bathrooms, two spacious living areas, a sprawling outdoor entertaining area, and a threebay shed with oversized roller doors, this property is designed to accommodate all your lifestyle needs. As you approach the property, youll be greeted by the serene ambiance of rural living, with wideopen spaces, rolling hills stretching as far as the eye can see. The expansive grounds offer endless possibilities, whether youre looking to indulge in hobby farming, create your own private oasis, or simply enjoy the peace and tranquillity of country living. Step inside the residence, and youll discover a thoughtfully designed layout that seamlessly combines functionality with style. The heart of the home is the openplan living area, featuring a wellappointed kitchendining with modern appliances, A second living area adds versatility to the home, providing an additional space for relaxation, recreation, or even a home office. Located just 10 minutes from the thriving city of Ballarat, this property offers the perfect balance of rural seclusion and urban convenience. Mitchell Park has a thriving horse community the expansive grounds is a perfect canvas to start or continue your horse racing or equestrian career. The large dam located on the south side services the large paddocks, storm water run from the house keeps the dam filled year round. Dont miss this rare opportunity to secure your slice of country paradise. Whether youre seeking a peaceful retreat, a family home with room to grow, or a unique lifestyle opportunity, 9 Highfield Road, Mitchell Park, offers it all. Arrange your inspection today and experience the magic of country living firsthand."
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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
Average Population
projected
for 2024 to 2026
Average Days of Supply
-
94%
-
-
-$70,000
-$31,416
3.1%
2.4%
-13.0%
6.0%
Asking Price
$1,275,000
Estimated Purchase Price
$1,275,000
Stamp Duty
$70,125
Transfer Fee
$3,089
Conveyancing
$1,196
Deposit (10%)
$127,500
Reg. Mortgage
$129
LMI Premium
$39,895
Renovation Costs
-
Total Cash/Equity Required
$242,484
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
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
$30,855
$44,526
Interest Repayments
$75,735
$75,735
Net Cashflow Before Tax
-$44,880
-$31,209
Depreciation
-
-
Tax Offset
-$13,464
-$9,363
Net Cashflow After Tax
-$31,416
-$21,846
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,286,940
$2,326,481
Loan Balance
I.O
$1,147,500
$1,147,500
$139,440
$1,178,981
Did you know you need to engage a conveyancer when buying a property?
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