$1.5M
$311,938
"Situated in a sought after, progressive pocket of the Mornington Peninsula 45 Lorimer Street presents the ultimate opportunity as an immediate potential development site or to occupy in serene surrounds with ample room to move and look to develop as a midlong term outcome. Features Include 3 Bedrooms with built in robes Spacious open plan living dining areas Sizeable kitchen with ample benchcupboard space Northerly aspect Circa 100sqm shed Circa 4058sqm of GRZ1 Land Only moments from Woolleys Beach foreshore Contact Sean Crimmins to organize your private inspection Internal photos coming soon all measurements and figures are approximate"
Below are some similar properties in the area you may be interested in.
2.2%
82.3%
$773K
3.2%
-$950,000
-$60,501
1.3%
0.9%
-18.6%
6.0%
Asking Price
$1,595,000
Estimated Purchase Price
$1,715,000
Stamp Duty
$94,325
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$171,500
Reg. Mortgage
$129
LMI Premium
$53,663
Renovation Costs
-
Total Cash/Equity Required
$324,979
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,441
$22,537
Interest Repayments
$101,871
$101,871
Net Cashflow Before Tax
-$86,430
-$79,334
Depreciation
-
-
Tax Offset
-$25,929
-$23,800
Net Cashflow After Tax
-$60,501
-$55,534
Assumptions
Year 1
Year 10
Property Value
6.8%
$817,020
$1,476,978
Loan Balance
I.O
$1,543,500
$1,543,500
-$726,480
-$66,522
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
Sales Price Growth (% Change)
Average Rental Yield
Average Days of Supply
Sold Price
Asking Price