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$585K
$123,014
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High
-
Medium
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Low
-
Confidence
This charming fisherman's cottage in Bittern presents a perfect opportunity for first-time buyers or those looking to downsize. The cottage features lovely timber paneling, heritage door handles, and classic blue weatherboards. The generous 615m2 block includes a spacious backyard, a single carport with an electric door, and additional features such as a bird/cat enclosure. The interior boasts three bedrooms, a main bathroom with a large shower and separate toilet, and a kitchen equipped with a gas cooktop and dishwasher. The property offers both front and study living areas, complete with electric heating and a reverse cycle split system. Enjoy the convenience of being within walking distance to local shops, the train station, and close proximity to Woolleys Beach and the attractions of the Mornington Peninsula.
Trusted by over 13k property buyers and counting...
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79.4%
$761K
4.2%
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Try Picki for FREE-$45,000
-$11,643
4.4%
Asking Price
$600,000
Estimated Purchase Price
$645,000
Stamp Duty
$33,770
Transfer Fee
$1,615
Conveyancing
$1,196
Deposit (10%)
$64,500
Reg. Mortgage
$129
LMI Premium
$18,391
Renovation Costs
-
Total Cash/Equity Required
$120,151
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,681
$31,418
Interest Repayments
$38,313
$38,313
Net Cashflow Before Tax
-$16,632
-$6,895
Depreciation
-
-
Tax Offset
-$4,990
-$2,069
Net Cashflow After Tax
-$11,643
-$4,827
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$580,500
$580,500
$60,300
$577,914
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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
