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$949K
$186,905
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,000,000
Medium
$950,000
Low
$900,000
Confidence
Medium
Experience luxury living at 7 Wedge Circuit, Invermay Park. This elegant family home features soaring 9-foot ceilings, a 13kw solar system, and three spacious living areas. With four expansive bedrooms, including a master with dual robes, and bathrooms adorned with floor-to-ceiling tiles, comfort is assured. The culinary-focused kitchen boasts 900mm appliances and stone benchtops, with a butler's pantry adding functional flair. Leisure awaits with a double garage offering rear access and a swim spa for relaxation. Located in Drews Paddock estate, this residence ensures convenience, just minutes from the freeway, Ballarat CBD, and Midlands Golf Club.
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92%
$568K
4.5%
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Try Picki for FREE$70,000
-$21,711
3.3%
Asking Price
$1,000,000
Estimated Purchase Price
$880,000
Stamp Duty
$47,870
Transfer Fee
$2,165
Conveyancing
$1,196
Deposit (10%)
$88,000
Reg. Mortgage
$129
LMI Premium
$25,092
Renovation Costs
-
Total Cash/Equity Required
$165,001
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,256
$30,863
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$31,016
-$21,409
Depreciation
-
-
Tax Offset
-$9,305
-$6,423
Net Cashflow After Tax
-$21,711
-$14,986
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$792,000
$792,000
$222,600
$1,042,155
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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 2024 to 2026
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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
