$1.9M
$358,511
"This pictureperfect, timber home beautifully integrates classic design with contemporary upgrades. Sitting pretty on a level allotment fringed by native vegetation with The Cutting, Portsea Pub, back beach and National Park moments away, this timeless beauty caters to lifestyle convenience. The lightfilled interior comprises a central living zone flanked by three alfresco decks, four bedrooms with builtin robes and combined modern bathroomlaundry. Sash windows, original doors, decorative ceiling roses and cornices, picture rails, floorboards, timber wall panelling and open fireplace capture the grace of a bygone era. Additional inclusions split system airconditioning, hydronic heating, jacuzzi and storage shed. With a strong history of holiday letting, this delightful property in a prestigious locale offers a myriad of possibilities longterm investment, easy family getaway, straightforward renovation job or new build opportunity."
Below are some similar properties in the area you may be interested in.
-
86.7%
$2.8M
2%
-$140,000
-$49,588
2.5%
2.0%
-14.6%
6.0%
Asking Price
$1,800,000
Estimated Purchase Price
$1,800,000
Stamp Duty
$99,000
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$180,000
Reg. Mortgage
$129
LMI Premium
$56,323
Renovation Costs
-
Total Cash/Equity Required
$340,813
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$44,200
$62,910
Property Management
+7.7% PA
$3,403
$4,844
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
$36,080
$51,912
Interest Repayments
$106,920
$106,920
Net Cashflow Before Tax
-$70,840
-$55,008
Depreciation
-
-
Tax Offset
-$21,252
-$16,502
Net Cashflow After Tax
-$49,588
-$38,506
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,772,880
$3,204,945
Loan Balance
I.O
$1,620,000
$1,620,000
$152,880
$1,584,945
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
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
Average Population
projected
for 2024 to 2026
Average Days of Supply