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$850K
$143,053
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$6,100,000
Medium
$5,300,000
Low
$4,500,000
Confidence
N/A
This property offers a unique opportunity to build your dream seaside home on a 904sqm block. With potential for wide sea and rural views from a second level (subject to council approval), this vacant land is a canvas for your vision. Its prime location offers a short walk to the beach, local café, and Shoreham's vibrant market. Only minutes from Red Hill Flinders' cafes and award-winning wineries, and under an hour to Melbourne, this site combines tranquility and accessibility.
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77.3%
$1.77M
1.9%
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Try Picki for FREE$80,000
-$220,350
-
Asking Price
-
Estimated Purchase Price
$5,220,000
Stamp Duty
$319,300
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$522,000
Reg. Mortgage
$129
LMI Premium
$163,336
Renovation Costs
-
Total Cash/Equity Required
$1,010,126
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
$310,068
$310,068
Net Cashflow Before Tax
-$314,785
-$316,223
Depreciation
-
-
Tax Offset
-$94,436
-$94,867
Net Cashflow After Tax
-$220,350
-$221,356
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$5,660,400
$10,232,657
Loan Balance
I.O
$4,698,000
$4,698,000
$962,400
$5,534,657
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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
