Potential Gross Return: 6.32%
Address: 31 Scarlett Street, Melba ACT 2615
Block-Size: 653 sqm
Block: 28
Section: 31
Type: House
House/Building Size: TBC
Bedrooms: 4
Bathrooms: 2
Garaging/Car Spots: 1
EER: 1.0
Unimproved Value (2022): $670,000 (2022)
UV Price Ratio: 83.75%
Sales Method: Auction (2023-03-18)
Recommend Purchase Price: $800,000
Rates Residential 2022: $3,279*
Land Tax Residential 2022: $5,284*
Property Link: https://www.allhomes.com.au/31-scarlett-street-melba-act-2615
Marketing Agent: Tyran Murphy and Brett Hayman
Date Added: 08/03/2023
Block Details:
Block Size: 653 sqm
Block Type: Large Block
Zoning: RZ1: SUBURBAN
Frontage Approx:
Precinct Code: 31 Scarlett Street, Melba ACT 2615 Precinct Code Download
Heritage: N/A
Planning Assessment Report: PAR - 31 Scarlett Street, Melba ACT 2615
Suburb Information:
Median House Price (2022): $1,455,000
Median House Rent (2022): $695
Suburb Highest Price (2022): $1,455,000
Rental Vacancy Rate (2022): 0.55%
Medium Household Income (Census 2021): $2,326
Income to Rent Ratio: 30%
Download Suburb Profile: Melba Profile - March 2023
Property Purchase Recommendation Summary:
Recommend Purchase Price: $800,000
Estimated Stamp Duty: $28,150
Approx Legal and Building Report Costs: $3,000
Total Purchase Investment: $828,150
Recommended Secondary Residence:
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-256
Approx Turnkey Build Cost inc GST: $240,000
Downloadable Brochure: Design Brochure - 256
Download Proposal: PAP - 31 Scarlett Street, Melba ACT 2615
Potential Rental Income:
Rental Income Stratgety:
Potential Gross Weekly Rental Income of Existing Property: $700
Potential Gross Weekly Rental Income of Recommended Design: $600
Potential Combined Gross Weekly Income: $1,300
Potential Combined Gross Annual Income: $67,600
Financial Summary:
Total Purchase and Build Investment: $1068150
Potential Combined Gross Rental Annual Income: $67,600
Potential Gross % Return: 6.32%
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