$640K
$106,791
"Nestled in the highly soughtafter Lake Gardens area, this beautifully maintained fourbedroom home combines comfort, style, and functionality, making it perfect for growing families. With a spacious openplan living area that seamlessly connects the kitchen, dining, and lounge spaces. The modern kitchen is a standout feature, equipped with a 900mm gas cooktop, electric oven, and a convenient dishwasher, making meal preparation a breeze. A second living area offers added flexibility, perfect for a home theater, playroom, or a quiet space to unwind. The master bedroom is complete with a generous walkin robe and a stylish ensuite for your private retreat. The remaining three bedrooms are wellsized and feature builtin wardrobes, providing ample storage and space for the whole family. Step outside to enjoy a lowmaintenance yard with a covered alfresco area, ideal for entertaining friends and family or simply relaxing in your private outdoor space. Convenience is key with this propertys prime location. Youll find excellent transport options, quality schools, and shopping options just a short distance away, making daily life easier and more enjoyable. Dont miss this fantastic opportunity to secure a home in one of Ballarats most desirable pockets. Schedule your inspection today and discover all the wonderful features this family home has to offer"
Below are some similar properties in the area you may be interested in.
11.3%
68.8%
$806K
2.8%
$140,000
-$11,749
4.3%
3.1%
-10.5%
6.0%
Asking Price
$650,000
Estimated Purchase Price
$600,000
Stamp Duty
$31,070
Transfer Fee
$1,510
Conveyancing
$1,196
Deposit (10%)
$60,000
Reg. Mortgage
$129
LMI Premium
$17,108
Renovation Costs
-
Total Cash/Equity Required
$111,562
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
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
$18,856
$27,447
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$16,784
-$8,193
Depreciation
-
-
Tax Offset
-$5,035
-$2,458
Net Cashflow After Tax
-$11,749
-$5,735
Assumptions
Year 1
Year 10
Property Value
6.8%
$790,320
$1,428,711
Loan Balance
I.O
$540,000
$540,000
$250,320
$888,711
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price