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Withheld
$180,270
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Try Picki for FREEConfidence
High
High
$1,100,000
Medium
$1,000,000
Low
$900,000
Confidence
Not applicable
This rare property in the Mornington Peninsula Shire offers 4.5 hectares of prime land with stunning ocean views. Located in the Green Wedge Zone Schedule 3, it provides the potential to build a lifestyle retreat or personal dwelling, subject to council approval. With its significant frontage and close proximity to Flinders Village, renowned wineries, golf courses, and essential amenities in Frankston, this is a chance to establish a private sanctuary or secure a long-term investment within a coveted coastal region.
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80.2%
$4.75M
2.2%
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Try Picki for FREE$40,000
-$43,219
-
Asking Price
-
Estimated Purchase Price
$960,000
Stamp Duty
$52,670
Transfer Fee
$2,352
Conveyancing
$1,196
Deposit (10%)
$96,000
Reg. Mortgage
$129
LMI Premium
$27,373
Renovation Costs
-
Total Cash/Equity Required
$180,270
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,717
-$6,155
Interest Repayments
$57,024
$57,024
Net Cashflow Before Tax
-$61,741
-$63,179
Depreciation
-
-
Tax Offset
-$18,522
-$18,954
Net Cashflow After Tax
-$43,219
-$44,225
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Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$864,000
$864,000
$204,000
$1,066,690
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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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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
