Withheld
$1,746
"This Portsea Back Beach property with modgrass tennis court and swimming pool is a hidden treasure positioned adjacent to the National Park, enjoying Bay and Ocean views, easy access to Portsea Surf Lifesaving Club and the beaches, the constant sound of surf, nightly sunsets and an amazing laid back atmosphere inviting the visitor to cast away cares and indulge in a lazy stay. The house is an original 1970s Merchant Builders home, whose approach essentially paved the way for liveability. The architect was Graeme Gunn, a recognised leader of contemporary design and architecture in Melbourne. Gunn was driven by the modern concept of synergy between good design, sensitive integration with consideration for environmental context, and the relevance of our homes within the big picture of lifestyle. The home has had only two owners during its existence and remains a testament to quality development. Fully landscaped bore fed native garden dune allotment of some 2,764 square metres. Sundrenched northern views take in passing ships, SorrentoQueenscliff ferries and on clear evenings the Melbourne city skyline lights up. Ocean views offer sensational year round sunsets as the ships make their way to and from Port Phillip Heads."
Below are some similar properties in the area you may be interested in.
-
86.7%
$2.8M
2%
-$4,700,000
-$17,602
6.1%
5.5%
-1.5%
6.0%
Asking Price
$6,000,000
Estimated Purchase Price
$6,000,000
Stamp Duty
$370,000
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$600,000
Reg. Mortgage
$129
LMI Premium
$187,742
Renovation Costs
-
Total Cash/Equity Required
$1,163,233
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$364,000
$518,085
Property Management
+7.7% PA
$28,028
$39,893
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
$331,255
$472,038
Interest Repayments
$356,400
$356,400
Net Cashflow Before Tax
-$25,145
$115,638
Depreciation
-
-
Tax Offset
-$7,544
$34,691
Net Cashflow After Tax
-$17,602
$80,947
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,388,400
$2,509,897
Loan Balance
I.O
$5,400,000
$5,400,000
-$4,011,600
-$2,890,103
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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