$3.9M
$751,023
"This exceptional 4bedroom single level home by Merchant builder is located on a highly soughtafter 2053sqm garden allotment near Shelley Beach. The homes design seamlessly connects its two living zones to the tranquil northern garden and fullsized mod grass tennis court, making it perfect for hosting and entertaining. The Garden House design by Merchant builder is renowned for its large rooms and floortoceiling windows that allow for ample natural light and offer stunning garden views. The sliding glass doors further enhance the connection to the outdoors, making the beautiful gardens, designed for entertaining, easily accessible. The front of the home features a spacious living area with an open fire, a separate dining area, a generous master bedroom with a walkin robe and ensuite bathroom, and a 4th bedroom with builtin robes. At the other end of the home, there is a beautiful timber kitchen with a breakfast bar that opens to an openplan living area, two more bedrooms, and a family bathroom. The home also includes a walkin laundry and storage. Located at the Shelly beach end of Campbells Rd, number 34 36 is within walking distance to Portseas best beach, and provides easy access to the surf beach, Portsea and Sorrento golf courses, Portsea oval, and National Park. The property also includes features such as heating, a double carport, shed, garden irrigation, secure front gates, and a fullsized mod grass tennis court."
Below are some similar properties in the area you may be interested in.
-
96.5%
$4.5M
1%
-$2,265,000
-$125,147
1.6%
1.4%
-16.7%
6.0%
Asking Price
$3,900,000
Estimated Purchase Price
$3,900,000
Stamp Duty
$233,500
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$390,000
Reg. Mortgage
$129
LMI Premium
$122,033
Renovation Costs
-
Total Cash/Equity Required
$751,023
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
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
$52,878
$75,821
Interest Repayments
$231,660
$231,660
Net Cashflow Before Tax
-$178,782
-$155,839
Depreciation
-
-
Tax Offset
-$53,635
-$46,752
Net Cashflow After Tax
-$125,147
-$109,087
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,746,180
$3,156,678
Loan Balance
I.O
$3,510,000
$3,510,000
-$1,763,820
-$353,322
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
Average Days of Supply