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$2.3M
$391,812
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Try Picki for FREEConfidence
High
High
$1,150,000
Medium
$1,090,000
Low
$1,030,000
Confidence
Medium
Experience ultimate family living at 626 Esplanade, Mornington. This beachside home with four bedrooms and two bathrooms offers ample space and functionality. Enjoy the dual-lounge design, featuring an elevator, and relax on the full-width balcony with breathtaking views of Port Phillip Bay. Entertain guests in the open-concept upper floor with a fireside lounge, dining area, and Miele kitchen. The main suite is a luxurious retreat, and three more bedrooms plus a second lounge and kitchenette occupy the lower floor. A double garage completes this exceptional property.
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Try Picki for FREELocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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
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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
Below are some similar properties in the area you may be interested in.
3.8%
71.3%
$1.75M
2.3%
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Try Picki for FREE$15,000
-$16,083
4.6%
Asking Price
-
Estimated Purchase Price
$1,075,000
Stamp Duty
$59,125
Transfer Fee
$2,621
Conveyancing
$1,196
Deposit (10%)
$107,500
Reg. Mortgage
$129
LMI Premium
$30,652
Renovation Costs
-
Total Cash/Equity Required
$201,773
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$49,400
$70,312
Property Management
+7.7% PA
$3,804
$5,414
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
$40,879
$58,743
Interest Repayments
$63,855
$63,855
Net Cashflow Before Tax
-$22,976
-$5,112
Depreciation
-
-
Tax Offset
-$6,893
-$1,534
Net Cashflow After Tax
-$16,083
-$3,578
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,164,120
$2,104,452
Loan Balance
I.O
$967,500
$967,500
$196,620
$1,136,952
