Withheld
$1,746
"THE DEAL Nestled in an exclusive enclave mere metres from the pristine Shelley Beach between Portsea and Sorrento Villages, this 1,040sqm approx. corner site promises a rare chance to elevate coastal living to new heights. Boasting approved architectural plans and permits for a luxury, architectdesigned coastal home, you are poised to create a masterpiece that harmonises with its peerless setting, adorned with marble, travertine and glass, offering expansive leisure and living spaces that sit flawlessly within its unique environment. Currently graced by a charming fivebedroom singlelevel coastal home, this site is primed for either a grand renovation or an entirely new creation STCA. Whether you choose to breathe new life into the existing structure or embark on crafting your dream home from the ground up, this site serves as the ideal blank slate for your architectural ambitions. Perfectly positioned within 90minutes of Melbourne between the elite Portsea and Sorrento Golf Courses, cafes, fine dining, and firstclass boutiques, this locale offers a lifestyle that is both prestigious and unparalleled. SEALS THE DEAL Luxury plans approved, a prime locationunleash your vision."
Below are some similar properties in the area you may be interested in.
-
96.5%
$4.5M
1%
$50,000
-$14,960
5.0%
4.2%
-6.3%
6.0%
Asking Price
-
Estimated Purchase Price
$1,250,000
Stamp Duty
$68,750
Transfer Fee
$3,031
Conveyancing
$1,196
Deposit (10%)
$125,000
Reg. Mortgage
$129
LMI Premium
$39,113
Renovation Costs
-
Total Cash/Equity Required
$237,768
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
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
$52,878
$75,821
Interest Repayments
$74,250
$74,250
Net Cashflow Before Tax
-$21,372
$1,571
Depreciation
-
-
Tax Offset
-$6,412
$471
Net Cashflow After Tax
-$14,960
$1,100
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,388,400
$2,509,897
Loan Balance
I.O
$1,125,000
$1,125,000
$263,400
$1,384,897
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Average Population
projected
for 2024 to 2026
Average Days of Supply