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$1.28M
$242,484
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,300,000
Medium
$1,225,000
Low
$1,150,000
Confidence
High
9 Highfield Road, Mitchell Park offers a remarkable blend of rural tranquility and modern living. Located on an expansive 10-acre property just 10 minutes from Ballarat, it features four bedrooms, two bathrooms, and two spacious living areas, ideal for hobby farming or equestrian pursuits. The well-appointed kitchen-dining area and a second versatile living space enhance its functionality. The property includes a three-bay shed and a large dam stocked with stormwater runoff. This residence provides a unique lifestyle opportunity with both peace and urban convenience.
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94%
-
-
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Try Picki for FREE-$50,000
-$34,776
2.6%
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
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$26,055
$37,694
Interest Repayments
$75,735
$75,735
Net Cashflow Before Tax
-$49,680
-$38,041
Depreciation
-
-
Tax Offset
-$14,904
-$11,412
Net Cashflow After Tax
-$34,776
-$26,628
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,308,300
$2,365,095
Loan Balance
I.O
$1,147,500
$1,147,500
$160,800
$1,217,595
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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...
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
