$1.15M
$213,246
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Try Picki for FREEConfidence
High
-
Medium
-
Low
-
Confidence
This delightful three-bedroom home on a sizable 892sqm lot serves as an ideal family sanctuary or vacation rental. Located near the Mornington Peninsula's attractions, including the foreshore and Arthurs Seat State Park, the property boasts a solar-heated pool, outdoor bathing facilities, and a built-in bar for ultimate entertainment. Inside, a charmingly rustic kitchen, featuring an ILVE induction stovetop and travertine finishes, anchors an open-plan living space with a cozy fireplace. Unique bedroom designs include panelled children's rooms and a master suite, all equipped with modern amenities. The property is complemented by ample parking and additional features like a pizza oven and optional Airstream purchase.
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97.7%
$890K
8.8%
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Try Picki for FREE-$90,000
-$32,225
2.5%
Asking Price
$1,150,000
Estimated Purchase Price
$1,140,000
Stamp Duty
$62,700
Transfer Fee
$2,773
Conveyancing
$1,196
Deposit (10%)
$114,000
Reg. Mortgage
$129
LMI Premium
$35,671
Renovation Costs
-
Total Cash/Equity Required
$217,019
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,681
$31,418
Interest Repayments
$67,716
$67,716
Net Cashflow Before Tax
-$46,035
-$36,298
Depreciation
-
-
Tax Offset
-$13,811
-$10,889
Net Cashflow After Tax
-$32,225
-$25,409
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,121,400
$2,027,224
Loan Balance
I.O
$1,026,000
$1,026,000
$95,400
$1,001,224
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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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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
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Sold Price
Asking Price