$950K
$178,361
Confidence
Medium
High
$1,000,000
Medium
$950,000
Low
$900,000
Confidence
Medium
"Positioned in an elevated and private section of the exclusive coastal hamlet of Skenes Creek, this quintessential beach home is set on a large 769m2 approx.. sun drenched allotment. The home offers nostalgic charm with the promise of long relaxed summers by the beach ahead. The property boasts both character and development options with planning permits for a twostorey extension. Simply move in and enjoy the home as is or, should you wish, capitalize on this propertys potential and enjoy further views from elevation. A relaxed open plan living, and dining space opens to a large east facing deck, capturing the morning sun and ocean breeze, the perfect perch to sit back and enjoy the peaceful surrounds, native birdlife, and ocean glimpses. 3 bedrooms, second living space, and an updated kitchen bathroom with separate toilet provide space to relax and enjoy time with family and friends. Double glazed windows, re clad insulated walls and a recently replaced roof add to the comfort of this home, making it perfect for yearround living. Further features include a single lock up garage, state of the art hot water system and 4 water tanks with 16,000 litre capacity. The extensive lawns are perfect for summer lawn games after a day at the beach. The garden provides a variety of fruit trees including apple, pear, hazelnut, quince, olive, apricots, adding to the charm of this home. An easy stroll to the Skenes Creek beach, ideal for surfing and fishing and just a short car trip from the Apollo Bay town centre, this home is ready to welcome friends and family this summer."
-
80.5%
$955K
11.2%
-$50,000
-$30,014
2.3%
1.6%
-16.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,000,035
Estimated Purchase Price
$1,000,000
Stamp Duty
$55,000
Transfer Fee
$2,446
Conveyancing
$1,196
Deposit (10%)
$100,000
Reg. Mortgage
$129
LMI Premium
$28,514
Renovation Costs
-
Total Cash/Equity Required
$187,834
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,811
$2,363
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
$16,522
$24,118
Interest Repayments
$59,400
$59,400
Net Cashflow Before Tax
-$42,878
-$35,282
Depreciation
-
-
Tax Offset
-$12,863
-$10,585
Net Cashflow After Tax
-$30,014
-$24,697
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$900,000
$900,000
$114,600
$934,155
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2021 Population
Suburbs
Manufacturing - 14.0%
Health Care and Social Assistance - 13.0%
Agriculture, Forestry and Fishing - 12.0%
Retail Trade - 9.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price