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$1.78M
$295,172
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,800,000
Medium
$1,700,000
Low
$1,600,000
Confidence
Not Found
Nestled in Merricks Beach, this property is an investor's or family's chance to experience coastal living. Situated just a stroll from the beach, the 1378 sqm lot hosts a charming 2-bedroom, 1-bathroom cottage. Ideal for renovation or a new build. This property offers potential as a modern beachside haven or holiday rental, just 500 meters from the serene shoreline.
Trusted by over 13k property buyers and counting...
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75.7%
$1.85M
2.8%
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Try Picki for FREE$145,000
-$67,959
-
Asking Price
$1,775,000
Estimated Purchase Price
$1,555,000
Stamp Duty
$85,525
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$155,500
Reg. Mortgage
$129
LMI Premium
$48,657
Renovation Costs
-
Total Cash/Equity Required
$295,172
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
$92,367
$92,367
Net Cashflow Before Tax
-$97,084
-$98,522
Depreciation
-
-
Tax Offset
-$29,125
-$29,556
Net Cashflow After Tax
-$67,959
-$68,965
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,815,600
$3,282,173
Loan Balance
I.O
$1,399,500
$1,399,500
$416,100
$1,882,673
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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...
Try Picki for FREEAverage Population
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
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