$640K
$103,928
"Discover an exceptional opportunity to acquire an ideal home for nesting or investing in the soughtafter Lucas Grange Estate. This brand new, distinctive brick residence epitomizes modern living with a focus on convenience and style. Upon entering, a spacious hallway welcomes you with soaring ceilings, leading to a sunlit formal lounge ideal for both relaxation and social gatherings. The home features four generously sized bedrooms, each equipped with reverse cycle split systems for comfort, with one bedroom boasting a walkin robe and the others fitted with builtin robes. All bedrooms enjoy the luxury of their own ensuite, ensuring privacy and convenience. Central to the home is a stylish kitchen designed for culinary enthusiasts, complete with a 900mm gas cooktop, electric oven, dishwasher, ample cupboard space, and a large walkin pantry offering floortoceiling storage. The kitchen seamlessly integrates with a bright openplan living and dining area, perfect for entertaining and everyday living. Additional features include a wellappointed separate laundry, extra storage space, front door intercom, and central heating throughout. Outside, an undercover alfresco area invites you to enjoy outdoor gatherings amidst fully landscaped gardens, all designed for lowmaintenance living. Situated on an approximately 452m2 allotment, the property includes a remote entry double car garage with convenient home access. Its strategic location ensures proximity to local parks, schools such as Lucas Town Centre, Sienna, St Thomas More, Alfredton Primary Schools, and Ballarat High School. For recreational activities, residents are a short drive from Ballarat Golf Club, Victoria Park, Lake Wendouree, and Prince of Wales Recreation Reserve. Only 10 minutes from Ballarat CBD, this property offers appeal to both owneroccupiers to live in and enjoy or for investors seeking a high potential rental return and easy access to all amenities. Dont miss this perfect blend of comfort, convenience, and modern living in a highly desirable location."
Below are some similar properties in the area you may be interested in.
-
78.3%
$975K
4%
$590,000
-$9,414
4.8%
3.5%
-9.1%
6.0%
Asking Price
$640,000
Estimated Purchase Price
$560,000
Stamp Duty
$28,670
Transfer Fee
$1,416
Conveyancing
$1,196
Deposit (10%)
$56,000
Reg. Mortgage
$129
LMI Premium
$15,968
Renovation Costs
-
Total Cash/Equity Required
$103,928
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
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
$19,816
$28,814
Interest Repayments
$33,264
$33,264
Net Cashflow Before Tax
-$13,448
-$4,450
Depreciation
-
-
Tax Offset
-$4,034
-$1,335
Net Cashflow After Tax
-$9,414
-$3,115
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$504,000
$504,000
$724,200
$1,716,293
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