$895K
$167,864
"The opportunity to own a parcel of land this size and this close to the CBD has all but become a distant memory until now. This 10acre property is part of a rural development consisting of 11 properties all over 10 acres but not all the same. This allotment has the premium advantage of being clear of significate overlay giving you the freedom to build were you desire STCA, concept plans are available and will add significate value to those looking to get building a dream home faster. The allotment is the most North Western allotment and has uninterrupted views of the Waubra mountains with farmland situated to the west preventing neighbors from obstructing these views and enjoyment. The property is the only square allotment in the Development with double road frontage, allowing for extra crossovers and access in the future SCTA. All properties are serviced with new sealed roads with direct access to Remembrance drive and Blind Creek Road. Dowling road continues to give direct access to the western freeway via a short 2minute drive on a dirt road. This gives access to Melbourne without having to navigate the city of Ballarat at all. Coltman Plaza in Lucas is a short 4minute drive on sealed roads giving access to multiple fastfood outlets, Woolworths, GP, chemist, Vet clinic, post office, Ballarats CBD, Lake Wendouree, Major Schooling, and much more is all within a 15minute drive from the estate. The block already has mains water connected and has an internal 2.5mm electric fence energizer not included built ready to house stock if desired and has extra wide double gates making access easy for large vehicles and trucks. This property is the pick of the 11 blocks and was the first to sell when the development was announced so your opportunity to live so close to town but have the space and quietness of a rural lifestyle is right here with 11 Maggie Court. Dont miss your opportunity to secure the dream location, view and build potential. Call Blaise Newnham today 0423 175 643 or Josh Horvat 0478 804 929"
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Location, 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
Average Days of Supply
-
94%
-
-
-
-$40,814
-
-
-24.3%
6.0%
Asking Price
$895,000
Estimated Purchase Price
$895,000
Stamp Duty
$48,770
Transfer Fee
$2,200
Conveyancing
$1,196
Deposit (10%)
$89,500
Reg. Mortgage
$129
LMI Premium
$25,520
Renovation Costs
-
Total Cash/Equity Required
$167,864
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$5,142
-$6,709
Interest Repayments
$53,163
$53,163
Net Cashflow Before Tax
-$58,305
-$59,872
Depreciation
-
-
Tax Offset
-$17,492
-$17,962
Net Cashflow After Tax
-$40,814
-$41,911
Assumptions
Year 1
Year 10
Property Value
6.8%
$955,860
$1,727,967
Loan Balance
I.O
$805,500
$805,500
$150,360
$922,467
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