Potential Gross Return: 5.16% 

Address: 2 Nyrang Street, Narrabundah ACT 2604

Block-Size: 958 sqm

Block: 2

Section: 2

Type: House

House/Building Size: TBC

Bedrooms: 2

Bathrooms: 1

Garaging/Car Spots: 1

EER: 0

Unimproved Value (2022): $890,000 (2022)

UV Price Ratio: 93.68%

Sales Method: Auction (2023-03-18)

Recommend Purchase Price: $950,000

Rates Residential 2022: $3,984* 

Land Tax Residential 2022: $6,683* 

Property Link: https://www.allhomes.com.au/2-nyrang-street-narrabundah-act-2604

Marketing Agent: David Stokes

Date Added: 01/03/2023

  • Front View
  • Arial View
  • Back Area
  • Bath Room
  • Bed Room
  • Bed Room 2
  • Dinning Room
  • Drone View
  • Drone View 2
  • Drone View 3
  • Floorplan
  • Front View 2
  • Kitchen Room
  • Living Room
  • Open Lawn Area
  • Side View

Block Details:

Block Size: 958 sqm

Block Type: Large Block

Zoning:  RZ1: SUBURBAN

Frontage Approx:

Precinct Code: 2 Nyrang Street, Narrabundah ACT 2604 Precinct Code Download 

Heritage: N/A

Planning Assessment Report: PAR - 2 Nyrang Street, Narrabundah ACT 2604

  • Aerial View
  • Block Diagram
  • Easement
  • Front View
  • Length Of Boundaries
  • Offset
  • Floorplan
  • Roofing Envelope
  • Upper Level Setback
  • Verge Distance

Suburb Information:

Median House Price (2022): $3,625,000

Median House Rent (2022): $700

Suburb Highest Price (2022): $3,625,000​​

Rental Vacancy Rate (2022): 1.30%

Medium Household Income (Census 2021):  $2,352

Income to Rent Ratio:  30%

Download Suburb Profile:  Narrabundah Profile - March 2023

Property Purchase Recommendation Summary:

Recommend Purchase Price: $950,000

Estimated Stamp Duty: $37,000

Approx Legal and Building Report Costs: $3,000

Total Purchase Investment: $987,000

Recommended Secondary Residence:  

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-144

Approx Turnkey Build Cost inc GST: $220,000

Downloadable Brochure: Design Brochure - 144 

Download Proposal: PAP - 2 Nyrang Street, Narrabundah ACT 2604

  • Front Snapshot 144
  • Front Snapshot 144
  • Front Snapshot 144
  • Top Snapshot 144
  • Floorplan Dimension 144
  • Elevations Plan 144
  • Floorplan Furniture 144

Potential Rental Income:  

Rental Income Stratgety:

Potential Gross Weekly Rental Income of Existing Property: $600

Potential Gross Weekly Rental Income of Recommended Design: $600 

Potential Combined Gross Weekly Income:  $1,200 

Potential Combined Gross Annual Income: $62,400

Financial Summary:

Total Purchase and Build Investment: $1207000

Potential Combined Gross Rental Annual Income: $62,400

Potential Gross % Return: 5.16% 

Get Help Securing This Opportunity:

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