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$1.5M
$255,688
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,600,000
Medium
$1,475,000
Low
$1,350,000
Confidence
Medium
45 Lorimer Street offers a fantastic opportunity in the Mornington Peninsula. This property can serve as a serene home or a promising development site. With 3 bedrooms featuring built-in robes, it offers spacious open-plan living and dining areas. The sizeable kitchen provides ample bench and cupboard space. Situated on approximately 4058sqm of GRZ1 land, it holds future development potential. A circa 100sqm shed adds valuable storage or workspace. Located close to the beautiful Woolleys Beach foreshore, this property is both a peaceful residence and an exciting investment prospect.
Trusted by over 13k property buyers and counting...
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82.3%
$760K
4.3%
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-$45,146
2.0%
Asking Price
$1,595,000
Estimated Purchase Price
$1,475,000
Stamp Duty
$81,125
Transfer Fee
$3,557
Conveyancing
$1,196
Deposit (10%)
$147,500
Reg. Mortgage
$129
LMI Premium
$46,153
Renovation Costs
-
Total Cash/Equity Required
$280,210
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,160
$42,927
Property Management
+7.7% PA
$2,322
$3,305
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
$23,121
$33,467
Interest Repayments
$87,615
$87,615
Net Cashflow Before Tax
-$64,494
-$54,148
Depreciation
-
-
Tax Offset
-$19,348
-$16,244
Net Cashflow After Tax
-$45,146
-$37,904
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,575,300
$2,847,768
Loan Balance
I.O
$1,327,500
$1,327,500
$247,800
$1,520,268
Location, 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
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2025 to 2027
Create a free account to access the tools and information you need to make the best property investment decisions.
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
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