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$2.99M
$513,512
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$3,200,000
Medium
$3,000,000
Low
$2,900,000
Confidence
Not applicable
Nestled on Shoreham's exclusive ridgetop, this almost 10-acre property offers a serene and exclusive lifestyle. With stunning views of Western Port Bay and picturesque rural ranges, this charming residence features an open-plan living space with hardwood floors and fireplaces. Three substantial bedrooms, including a main with ensuite, and a galley kitchen open onto a deck with panoramic views. A separate studio adds flexibility. Original stables, sheds, a vegetable garden, and a historic ménage footprint enhance the property's appeal. Perfect for those seeking a peaceful retreat, the site also offers potential for luxury development, subject to approval.
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82.8%
$2.45M
2.7%
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Try Picki for FREE$40,000
-$126,379
-
Asking Price
$3,200,000
Estimated Purchase Price
$2,960,000
Stamp Duty
$172,400
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$296,000
Reg. Mortgage
$129
LMI Premium
$92,620
Renovation Costs
-
Total Cash/Equity Required
$566,510
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
$175,824
$175,824
Net Cashflow Before Tax
-$180,541
-$181,979
Depreciation
-
-
Tax Offset
-$54,162
-$54,594
Net Cashflow After Tax
-$126,379
-$127,385
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$3,204,000
$5,792,070
Loan Balance
I.O
$2,664,000
$2,664,000
$540,000
$3,128,070
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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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Trusted by over 13,000 property buyers and counting...
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
