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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.56%

Address: 10 Moseley Place, Kambah ACT 2902 Block-Size: 950 sqm
Block: 12 Section: 224
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 0.5
Unimproved Value: $541,000 (2022) UV Price Ratio: 86.56%
Sales Method: $650,000 (Private Treaty) Recommend Purchase Price: 625000
Rates Residential: $2,846* Land Tax Residential: $4,665*
Property Link: https://www.allhomes.com.au/10-moseley-place-kambah-act-2902 Marketing Agent: Zac Morris and Tahlia Morris
Date Added: 01/08/23

Photos:

Block Details

Block Size: 950 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 10 Moseley Place, Kambah ACT 2902 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 10 Moseley Place, Kambah ACT 2902

 

Suburb information

Median house price: 841500 Median house rent: 638
Suburb highest price: 1300000 Rental vacancy rate: 0.44
Medium household income (Census 2021): $2,207 Income to rent ratio: 29%
Download Suburb Profile: Profile - August 2023

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-384 Approx Turnkey Build Cost inc GST: $345,681
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 10 Moseley Place, Kambah ACT 2902

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $500
Potential Gross Weekly Rental Income of Recommended Design: $750 Potential Combined Gross Weekly Income: $1,250
Potential Combined Gross Annual Income: $65,000

Financial Summary

Total Purchase and Build Investment: $990,481 Potential Combined Gross Rental Annual Income: $65,000
Potential Gross % Return: 7%

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