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$1.15M
$194,339
Unlock Appraised Value
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To be determined
High
-
Medium
-
Low
-
Confidence
Not applicable for land
This expansive 1044sqm vacant parcel in Shoreham offers a rare opportunity to build your dream home, subject to council approval, amidst the natural splendor of the Mornington Peninsula. Offering a tranquil lifestyle, it's enveloped by majestic gum trees, vibrant birdlife, and the invigorating sea breeze. Enjoy the area's community-focused living with proximity to boutique shops, farm-fresh produce, recreational activities, and some of Victoria's best surf beaches. Nearby, explore the rich food and wine culture with local restaurants, wineries, and the Shoreham Farmers Market. Just over an hour from Melbourne and close to Red Hill and Flinders, this property promises a perfect balance of peace and accessibility.
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82.5%
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-
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Try Picki for FREE-$1,065,000
-$47,585
-
Asking Price
$1,150,000
Estimated Purchase Price
$1,065,000
Stamp Duty
$58,575
Transfer Fee
$2,598
Conveyancing
$1,196
Deposit (10%)
$106,500
Reg. Mortgage
$129
LMI Premium
$30,367
Renovation Costs
-
Total Cash/Equity Required
$199,914
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,452
$1,895
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
-$4,717
-$6,155
Interest Repayments
$63,261
$63,261
Net Cashflow Before Tax
-$67,978
-$69,416
Depreciation
-
-
Tax Offset
-$20,393
-$20,825
Net Cashflow After Tax
-$47,585
-$48,591
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
-
-
Loan Balance
I.O
$958,500
$958,500
-$958,500
-$958,500
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2021 Population
Suburbs
Retail Trade - 14.0%
Health Care and Social Assistance - 14.0%
Construction - 11.0%
Accommodation and Food Services - 10.0%
Others - 51.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
