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$5M
$844,261
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High
-
Medium
-
Low
-
Confidence
Truemans Estate is a Mediterranean-inspired six-bedroom, single-level residence set on approximately 40 acres. The property offers stunning gardens, pool, tennis court, and olive grove, with picturesque views. Ideal for family living and entertaining, it features spacious interiors, verandas, and luxury amenities. Located 70 minutes from Melbourne and close to Portsea and Red Hill, it is leased to Main Ridge Olive Co. for olive oil production.
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80.2%
$2.75M
2.9%
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Try Picki for FREE$3,495,000
+
2236.0%
Asking Price
$4,000
Estimated Purchase Price
$5,000
Stamp Duty
$70
Transfer Fee
$117
Conveyancing
$1,196
Deposit (10%)
$500
Reg. Mortgage
$129
LMI Premium
$85
Renovation Costs
-
Total Cash/Equity Required
$2,647
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$111,800
$159,126
Property Management
+7.7% PA
$8,609
$12,253
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
$98,474
$140,719
Interest Repayments
$297
$297
Net Cashflow Before Tax
$98,177
$140,422
Depreciation
-
-
Tax Offset
$29,453
$42,127
Net Cashflow After Tax
$68,724
$98,295
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Year 1
Year 10
Property Value
6.8%
$3,738,000
$6,757,415
Loan Balance
I.O
$4,500
$4,500
$3,733,500
$6,752,915
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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
