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$490K
$76,362
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$490,000
Medium
$420,000
Low
$350,000
Confidence
Not Found
Discover an exceptional opportunity in Cardigan with this magnificent titled block. This parcel of land offers the chance to build a generously proportioned dream home. Enjoy endless possibilities for adding a pool, multi-court, or extensive shedding space for your caravan and boat. Located just minutes from the amenities of Lucas town centre, this property provides convenient access to the western freeway and is only 15 minutes from Ballarat CBD and 5 minutes from Lake Burrumbeet.
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100%
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-
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Try Picki for FREE-$10,000
-$21,479
-
Asking Price
$490,000
Estimated Purchase Price
$430,000
Stamp Duty
$20,870
Transfer Fee
$1,112
Conveyancing
$1,196
Deposit (10%)
$43,000
Reg. Mortgage
$129
LMI Premium
$9,506
Renovation Costs
-
Total Cash/Equity Required
$76,362
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
$25,542
$25,542
Net Cashflow Before Tax
-$30,684
-$32,251
Depreciation
-
-
Tax Offset
-$9,205
-$9,675
Net Cashflow After Tax
-$21,479
-$22,576
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$387,000
$387,000
$61,560
$423,890
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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 2025 to 2027
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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
