Potential Gross Return: 6.2% 

Address: 22 Pennefather Street Higgins, ACT 2615

Block-Size: 730 sqm

Block: 11

Section: 36

Type: House

House/Building Size: TBC

Bedrooms: 3

Bathrooms: 1

Garaging/Car Spots: 1

EER: 0

Unimproved Value (2022): $575,000 (2022)

UV Price Ratio: 89.98%

Sales Method: $639,000 (Private Treaty)

Recommend Purchase Price: $639,000

Rates Residential 2022: $2,903* 

Land Tax Residential 2022: $4,498* 

Property Link: https://zango.com.au/sale/22-pennefather-street-higgins-act-2615-73257/

Marketing Agent: Ben and Tracey Oostermeyer

Date Added: 14/02/2023

  • Outside Area
  • Bedroom
  • Bedroom
  • Living Room
  • Dining Room
  • Two Window Room
  • Bathroom
  • Room With Light
  • Room With Small Window
  • Back View With Chairs
  • Back View
  • Large Trees
  • Block Diagram

Block Details:

Block Size: 730 sqm

Block Type: Large Block

Zoning:  RZ1: SUBURBAN

Frontage Approx:

Precinct Code: 22 Pennefather Street Higgins, ACT 2615 Precinct Code Download 

Heritage: N/A

Planning Assessment Report: PAR - 22 Pennefather Street Higgins, ACT 2615

  • Aerial View
  • Block Diagram
  • Easement
  • Front View
  • Length Of Boundries
  • Offset
  • Floor Plan
  • Roofing
  • Upper Level Setbacks
  • Verge Distance

Suburb Information:

Median House Price (2022): $865,000

Median House Rent (2022): $650

Suburb Highest Price (2022): $1,300,000​​

Rental Vacancy Rate (2022): 0.72%

Medium Household Income (Census 2021):  $2,248

Income to Rent Ratio:  29%

Download Suburb Profile:  Higgins Profile - February 2023

Property Purchase Recommendation Summary:

Recommend Purchase Price: $639,000

Estimated Stamp Duty: $20,405

Approx Legal and Building Report Costs: $3,000

Total Purchase Investment: $659,405

Recommended Secondary Residence:  

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-124

Approx Turnkey Build Cost inc GST: $200,000

Downloadable Brochure: Design Brochure - 124 

Download Proposal: PAP - 22 Pennefather Street Higgins, ACT 2615

  • Snapshot Labelled Twilight Design 124
  • Snapshot Labelled Angle Design 124
  • Snapshot Labelled Aerial Design 124
  • Dimensions Floorplan Design 124
  • Furniture Floorplan Design 124
  • Elevations Design 124

Potential Rental Income:  

Rental Income Stratgety:

Potential Gross Weekly Rental Income of Existing Property: $550

Potential Gross Weekly Rental Income of Recommended Design: $475 

Potential Combined Gross Weekly Income:  $1,025 

Potential Combined Gross Annual Income: $53,300

Financial Summary:

Total Purchase and Build Investment: $859404.8

Potential Combined Gross Rental Annual Income: $53,300

Potential Gross % Return: 6.2% 

Get Help Securing This Opportunity:

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