$6.75M
$1,310,450
"Set amongst sprawling native garden surrounds this light filled single level Merchant Builders brick residence boasts sensational northern aspect, large main rooms, flexible floor plan, northsouth tennis court. and trampoline. An outstanding family beachside offering with excellent indooroutdoor entertainment, scope to renovate, extend, or rebuild STCA on an expansive 4,100m2 allotment ideally orientated to capture an abundance of light from north, east, and west. Perfectly positioned within a short stroll of Shelley Beach, Portsea Village and Pub, fashionable cafes and restaurants, Point Nepean National Park and Percy Cerutty Oval. Welcomed by a sweeping driveway and entrance pergola, featuring large formal lounge with open fireplace and bar, separate dining leading out to northern terrace, rolling lawns, tennis court, playground and trampoline, kitchenmeals informal sitting room. Master bedroom with built in robes and ensuite, three generous bedrooms with built in robes, two family bathrooms, storage room, laundry, undercover parking for two cars and offstreet parking for 23 further cars."
Below are some similar properties in the area you may be interested in.
-
96.5%
$4.5M
1%
-$2,700,000
-$216,773
1.5%
1.4%
-16.5%
6.0%
Asking Price
$6,750,000
Estimated Purchase Price
$6,750,000
Stamp Duty
$418,750
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$675,000
Reg. Mortgage
$129
LMI Premium
$211,210
Renovation Costs
-
Total Cash/Equity Required
$1,310,451
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$104,000
$148,024
Property Management
+7.7% PA
$8,008
$11,398
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
$91,275
$130,472
Interest Repayments
$400,950
$400,950
Net Cashflow Before Tax
-$309,675
-$270,478
Depreciation
-
-
Tax Offset
-$92,903
-$81,143
Net Cashflow After Tax
-$216,773
-$189,335
Assumptions
Year 1
Year 10
Property Value
6.8%
$4,325,400
$7,819,294
Loan Balance
I.O
$6,075,000
$6,075,000
-$1,749,600
$1,744,294
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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
Average Population
projected
for 2024 to 2026
Average Days of Supply