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$700K
$114,425
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$920,000
Medium
$820,000
Low
$720,000
Confidence
Medium
Step into a stylish lifestyle with this renovated Mornington property, perfectly poised for modern living. Situated close to the bustling Main Street, this single-level home offers an inviting atmosphere. Its thoughtful design boasts a sunlit L-shaped living area that connects seamlessly to a refreshed kitchen, featuring stainless steel appliances and a butler’s pantry. Enjoy alfresco dining on the covered deck amid privacy provided by high-fenced gardens. The residence includes three spacious bedrooms, a chic main suite with an ensuite, a central bathroom with a freestanding bath, and conveniences such as ducted heating and split system AC. The home offers abundant storage, a single carport, and additional parking. Nearby attractions include top schools, cafes, boutiques, supermarkets, and the beach.
Trusted by over 13k property buyers and counting...
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72%
$860K
4.2%
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Try Picki for FREE$125,000
-$10,362
4.9%
Asking Price
$750,000
Estimated Purchase Price
$695,000
Stamp Duty
$36,770
Transfer Fee
$1,732
Conveyancing
$1,196
Deposit (10%)
$69,500
Reg. Mortgage
$129
LMI Premium
$19,817
Renovation Costs
-
Total Cash/Equity Required
$129,694
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$26,480
$38,249
Interest Repayments
$41,283
$41,283
Net Cashflow Before Tax
-$14,803
-$3,034
Depreciation
-
-
Tax Offset
-$4,441
-$910
Net Cashflow After Tax
-$10,362
-$2,124
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$875,760
$1,583,166
Loan Balance
I.O
$625,500
$625,500
$250,260
$957,666
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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
