Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.98%

Address: 1 Yabsley Place, Charnwood ACT 2615 Block-Size: 741 sqm
Block: 11 Section: 56
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 1.0
Unimproved Value (2022): $406,000 (2022) UV Price Ratio: 64.96%
Sales Method: $630,000 (Private Treaty) Recommend Purchase Price: 625000
Rates Residential 2022: $2,258* Land Tax Residential 2022: $3,058*
Property Link: https://www.allhomes.com.au/1-yabsley-place-charnwood-act-2615 Marketing Agent: Naomi Sachs
Date Added: 13/12/22

Photos:

Block Details

Block Size: 741 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx: 45.92 m
Precinct Code: 1 Yabsley Place, Charnwood ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 1 Yabsley Place, Charnwood ACT 2615

 

Suburb information

Median house price (2022): $722,000 Median house rent (2022): $570
Suburb highest price (2022): $950,000 Rental vacancy rate (2022): 0.31%
Medium household income (Census 2021): 1818% Income to rent ratio: 31%
Download Suburb Profile: Profile - December 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $625,000 Estimated Stamp Duty: $19,800
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $644,800

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-266 Approx Turnkey Build Cost inc GST: $250,000
Downloadable Brochure: Design Brochure - 266 Download Proposal: PAP - 1 Yabsley Place, Charnwood ACT 2615

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $530
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,030
Potential Combined Gross Annual Income: $53,560

Financial Summary

Total Purchase and Build Investment: $894,800 Potential Combined Gross Rental Annual Income: $53,560
Potential Gross % Return: 6%

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