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$400K
$80,050
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$440,000
Medium
$380,000
Low
$320,000
Confidence
Low
Discover the potential of a 4-acre parcel at 186 Coulsons Road, Warrenheip. Conveniently located on the outskirts of Ballarat, this property, with two road frontages, offers easy access and ample room for various house sites. Enhancing its appeal are two picturesque dams and existing infrastructure, including mains power and water connections. Previously used for livestock, the site features farm fencing and the remains of a former residence and sheds. Its strategic location close to the Western Freeway ensures a blend of rural tranquility and urban convenience.
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79.7%
$975K
1.3%
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Try Picki for FREE-$70,000
-$13,911
2.9%
Asking Price
$400,000
Estimated Purchase Price
$450,000
Stamp Duty
$22,070
Transfer Fee
$1,159
Conveyancing
$1,196
Deposit (10%)
$45,000
Reg. Mortgage
$129
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$80,051
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$13,000
$18,503
Property Management
+7.7% PA
$1,001
$1,425
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
$6,857
$10,369
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$19,873
-$16,361
Depreciation
-
-
Tax Offset
-$5,962
-$4,908
Net Cashflow After Tax
-$13,911
-$11,453
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$405,840
$733,662
Loan Balance
I.O
$405,000
$405,000
$840
$328,662
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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
Create a free account to access the tools and information you need to make the best property investment decisions.
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
