$740K
$152,596
"Welcome to your dream home in the heart of Crib Point This newly renovated 3bedroom, 1bathroom residence is perfect for families or anyone seeking a peaceful retreat. With stylish renovations throughout, the interior features warm timber floors that create an inviting atmosphere. The home is filled with natural light, making the openplan living areas feel bright and airy. For your comfort, split system heating and cooling ensures you stay cozy yearround. Situated on a flat block, this property offers easy maintenance and plenty of space for outdoor activities. Youll love the convenience of an outdoor shower, perfect for rinsing off after enjoying our beautiful Mornington Peninsula beaches, and a large shed provides ample storage for tools and hobbies. The front yard is secured by a stylish fence with an electric gate, adding an extra layer of safety and peace of mind. Located on a quiet street, this home offers the tranquility you desire while still being close to local amenities. Plus, theres potential for extension, subject to council approval, allowing you to customize and expand your dream home. Dont miss this opportunity to own a beautiful property in Crib Point. Contact us today to arrange a viewing"
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2.2%
82.3%
$773K
3.2%
$15,000
-$19,752
3.0%
2.1%
-14.4%
6.0%
Asking Price
$700,000
Estimated Purchase Price
$735,000
Stamp Duty
$39,170
Transfer Fee
$1,826
Conveyancing
$1,196
Deposit (10%)
$73,500
Reg. Mortgage
$129
LMI Premium
$20,958
Renovation Costs
-
Total Cash/Equity Required
$137,328
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
$43,659
$43,659
Net Cashflow Before Tax
-$28,218
-$21,122
Depreciation
-
-
Tax Offset
-$8,465
-$6,337
Net Cashflow After Tax
-$19,752
-$14,785
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$661,500
$661,500
$139,500
$786,517
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 Days of Supply
Sold Price
Asking Price