$2.2M
$374,346
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$6,000,000
Medium
$5,500,000
Low
$5,000,000
Confidence
High
This architectural residence positions itself as an ideal permanent or holiday home with its intriguing blend of shelter and sculpture within a quiet enclave. Featuring minimalist design with Spotted Gum floors and expansive glazing, the home offers a seamless indoor-outdoor lifestyle. Highlights include a modest facade, a flexible 3-bedroom layout, dual accommodation possibilities, and an additional ensuite bedroom upstairs with sweeping views of Westernport Bay. Entertainers will appreciate dual balconies, a two-way fireplace, and a stainless steel and timber kitchen equipped with La Germania cooking and a dumbwaiter. Lush gardens offer a kids' playground and pathways leading to an outdoor shower. Additional conveniences include rainwater tanks, air conditioning, an alarm system, and secure parking.
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82.5%
-
-
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Try Picki for FREE$80,000
-$191,709
1.1%
Asking Price
-
Estimated Purchase Price
$5,420,000
Stamp Duty
$332,300
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$542,000
Reg. Mortgage
$129
LMI Premium
$169,594
Renovation Costs
-
Total Cash/Equity Required
$1,049,384
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$57,200
$81,413
Property Management
+7.7% PA
$4,404
$6,269
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
$48,079
$68,990
Interest Repayments
$321,948
$321,948
Net Cashflow Before Tax
-$273,869
-$252,958
Depreciation
-
-
Tax Offset
-$82,161
-$75,887
Net Cashflow After Tax
-$191,709
-$177,071
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$5,874,000
$10,618,795
Loan Balance
I.O
$4,878,000
$4,878,000
$996,000
$5,740,795
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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