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$1.25M
$214,189
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Try Picki for FREEConfidence
High
High
$1,400,000
Medium
$1,320,000
Low
$1,240,000
Confidence
Medium
This expansive family home sits on a quiet court and spans 1003 sqm. It boasts a sandstone facade, double garage, and a rear workshop, enhanced by lush gardens, a chicken coop, and vegetable beds. Inside, the property features generous living spaces, a wood-burning fireplace, and a modern kitchen with high-end appliances. The outdoor area serves as an excellent entertainment space. It includes a large alfresco area overlooking well-maintained gardens. The ground floor hosts three bedrooms and a bathroom, while the upstairs is devoted to a primary suite with a private living area and decked balcony. Other features include ducted cooling, solar power, and ample parking. It's ideally located near Mornington's amenities and schools.
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79.7%
$830K
4.7%
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Try Picki for FREE$25,000
-$31,950
3.0%
Asking Price
$1,400,000
Estimated Purchase Price
$1,295,000
Stamp Duty
$71,225
Transfer Fee
$3,136
Conveyancing
$1,196
Deposit (10%)
$129,500
Reg. Mortgage
$129
LMI Premium
$40,521
Renovation Costs
-
Total Cash/Equity Required
$246,257
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
$76,923
$76,923
Net Cashflow Before Tax
-$45,643
-$31,843
Depreciation
-
-
Tax Offset
-$13,693
-$9,553
Net Cashflow After Tax
-$31,950
-$22,290
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,409,760
$2,548,511
Loan Balance
I.O
$1,165,500
$1,165,500
$244,260
$1,383,011
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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
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Trusted by over 13,000 property buyers and counting...
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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
