$3.05M
$509,586
"Superbly located in one of Portseas finest streets and just a leisurely 100m stroll to the main street of Portsea, the iconic Portsea Hotel and pier, is this classic retreat generously situated on a 848m2 approx level allotment and comprising 3 bedrooms, 2 bathrooms, spacious open plan lounge, kitchen and dining, second living area, polished boards, laundry and carport to the side. A rear bungalow with bedroom and storage is the ideal place for the kids to enjoy their own space amongst the lush gardens over the summer holidays. Only 90minutes from Melbourne and just metres from The Cutting accessing the beautiful Fishermans Beach, Portsea Golf Club and all that this premier seaside destination has to offer. Highly sought but rarely offered is an opportunity like this."
Below are some similar properties in the area you may be interested in.
-
9%
$2.8M
2%
$60,000
-$37,979
2.7%
2.2%
-13.9%
6.0%
Asking Price
-
Estimated Purchase Price
$1,440,000
Stamp Duty
$79,200
Transfer Fee
$3,475
Conveyancing
$1,196
Deposit (10%)
$144,000
Reg. Mortgage
$129
LMI Premium
$45,058
Renovation Costs
-
Total Cash/Equity Required
$273,608
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
$85,536
$85,536
Net Cashflow Before Tax
-$54,256
-$40,456
Depreciation
-
-
Tax Offset
-$16,277
-$12,137
Net Cashflow After Tax
-$37,979
-$28,319
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,602,000
$2,896,035
Loan Balance
I.O
$1,296,000
$1,296,000
$306,000
$1,600,035
Did you know you need to engage a conveyancer when buying a property?
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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
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price