$3.75M
$721,580
"The irresistible appeal of this singlelevel residences private and picturesque exterior is more than matched by stunning interior dimensions. Brilliantly updated throughout to provide outstanding harmony between the indoors and natural setting of the nearby Portsea Lagoon, the home is an idyllic sanctuary tucked away in a quiet and coveted position. Staged under soaring cathedral ceilings with architectural celestial windows commanding volumes of natural light, the formal lounge is homely yet contemporary with the warmth of an open fireplace. The flow outdoors is seamless, with sliding glass extending to an expansive wraparound deck and colourful gardens designed for entertaining and not maintaining, complete with a fullsized mod grass tennis court. An openplan living area at the rear of the home welcomes the ambience of a gas fireplace, where softclose cabinetry accompanies dual Neff ovens, gas cooktop and dishwasher within the sleek, stone kitchen. Vogue ensuites and custom builtin robes elevate the two main bedrooms, whilst the remaining two bedrooms share a stunning family bathroom with sandcoloured stone tiling and a large laundry with side access and ample storage. Aside from its proximity to Portsea Lagoon, families are sure to relish easy access to both bay and ocean beaches, the acclaimed Golf Course, Portsea oval and National Park, with features including ducted heating, polished timber floors, ceiling fans, a double carport, shed, bore water, garden irrigation and secure front gates. Land size 1,360 sqms approx. Proudly marketed by the team at Peninsula Sothebys International Realty."
Below are some similar properties in the area you may be interested in.
-
86.7%
$2.8M
2%
-$2,450,000
-$108,831
2.1%
1.8%
-15.1%
6.0%
Asking Price
$3,750,000
Estimated Purchase Price
$3,750,000
Stamp Duty
$223,750
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$375,000
Reg. Mortgage
$129
LMI Premium
$117,339
Renovation Costs
-
Total Cash/Equity Required
$721,580
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
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
$67,277
$96,315
Interest Repayments
$222,750
$222,750
Net Cashflow Before Tax
-$155,473
-$126,435
Depreciation
-
-
Tax Offset
-$46,642
-$37,930
Net Cashflow After Tax
-$108,831
-$88,504
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,388,400
$2,509,897
Loan Balance
I.O
$3,375,000
$3,375,000
-$1,986,600
-$865,103
Did you know you need to engage a conveyancer when buying a property?
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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