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$850K
$139,236
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,250,000
Medium
$1,150,000
Low
$1,050,000
Confidence
Medium
Discover the charm of 6 Gleneagles Avenue, a beautifully updated home near Coral Cove Beach in Mornington. Embrace a lifestyle of leisure and convenience with its proximity to picturesque walking trails, cafes, and Main Street. The home features an inviting living and dining area with original timber floors and an electric fireplace, while the north-facing windows ensure abundant light. Well-appointed kitchen and separate laundry enhance functionality. Bedrooms offer serenity with fresh carpets and modern comforts, including central heating and air conditioning. A covered outdoor area, single carport, and private lawn make it perfect for relaxation.
Trusted by over 13k property buyers and counting...
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71.3%
$1.75M
2.3%
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Try Picki for FREE$250,000
-$15,526
4.3%
Asking Price
$975,000
Estimated Purchase Price
$900,000
Stamp Duty
$49,070
Transfer Fee
$2,212
Conveyancing
$1,196
Deposit (10%)
$90,000
Reg. Mortgage
$129
LMI Premium
$25,662
Renovation Costs
-
Total Cash/Equity Required
$168,819
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
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
$31,280
$45,080
Interest Repayments
$53,460
$53,460
Net Cashflow Before Tax
-$22,180
-$8,380
Depreciation
-
-
Tax Offset
-$6,654
-$2,514
Net Cashflow After Tax
-$15,526
-$5,866
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$810,000
$810,000
$418,200
$1,410,293
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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...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % 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
