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Withheld
$226,000
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Try Picki for FREEConfidence
High
High
$1,500,000
Medium
$1,350,000
Low
$1,200,000
Confidence
Medium
This unparalleled opportunity combines two properties, 115 Lawrence Road and 1393 Cresswell Road, offering breathtaking 180-degree ocean views where the Indian and Southern Oceans converge. Spanning 346.7 hectares, the land features native coastal vegetation, extensive beach frontage, and absolute privacy. The property includes a modest home suitable for renovation. Just beyond the Augusta Golf Course and a short drive from town, it provides convenient access to wineries, outdoor activities, and a small airport with flights from Melbourne. Potential exists for additional residential development, pending Shire approval.
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72.2%
$640K
5.1%
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-$19,903
4.6%
Asking Price
-
Estimated Purchase Price
$1,350,000
Stamp Duty
$60,641
Transfer Fee
$473
Conveyancing
$1,535
Deposit (10%)
$135,000
Reg. Mortgage
$203
LMI Premium
$42,242
Renovation Costs
-
Total Cash/Equity Required
$240,644
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+8.2% PA
$5,117
$7,283
Rates
+3.0% PA
$1,821
$2,376
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$51,757
$74,322
Interest Repayments
$80,190
$80,190
Net Cashflow Before Tax
-$28,433
-$5,868
Depreciation
-
-
Tax Offset
-$8,530
-$1,760
Net Cashflow After Tax
-$19,903
-$4,108
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Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,215,000
$1,215,000
$226,800
$1,391,431
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2021 Population
Suburbs
Accommodation and Food Services - 13.0%
Retail Trade - 12.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 54.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
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Average Days of Supply
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Average Population
Sold Price
Asking Price
