Qualified Properties For Secondary Residence Potential
Potential Gross Return: 5.28%
Address: 11 Burn Street, Downer ACT 2602 | Block-Size: 725 sqm | ||
Block: 27 | Section: 69 | ||
Type: House | House/Building Size: TBC | ||
Bedrooms: 3 | Bathrooms: 2 | ||
Garaging/Car Spots: 2 | EER: | ||
Unimproved Value (2022): $924,000 (2022) | UV Price Ratio: 93.33% | ||
Sales Method: $990,000 (Private Treaty) | Recommend Purchase Price: 990000 | ||
Rates Residential 2022: $4,288* | Land Tax Residential 2022: $7,280* | ||
Property Link: https://www.allhomes.com.au/11-burn-street-downer-act-2602 | Marketing Agent: Aniko and Peter Carey | ||
Date Added: 21/03/23 |
Photos:
Block Details
Block Size: 725 sqm | Block Type: Large Block | ||
Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
Precinct Code: 11 Burn Street, Downer ACT 2602 Precinct Code Download | Heritage: N/A | ||
Planning Assessment Report: PAR - 11 Burn Street, Downer ACT 2602 |
Suburb information
Median house price (2022): $1,175,000 | Median house rent (2022): $670 | ||
Suburb highest price (2022): $1,175,000 | Rental vacancy rate (2022): 1.19% | ||
Medium household income (Census 2021): 2267% | Income to rent ratio: 30% | ||
Download Suburb Profile: Profile - March 2023 |
Property Purchase Recommendation Summary
Recommend Purchase Price: $990,000 | Estimated Stamp Duty: $39,360 | ||
Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $1,029,360 |
Recommended Secondary Residence
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-256 | Approx Turnkey Build Cost inc GST: $250,000 | ||
Downloadable Brochure: Design Brochure - 256 | Download Proposal: PAP - 11 Burn Street, Downer ACT 2602 |
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: $1,279,360 | Potential Combined Gross Rental Annual Income: $67,600 | ||
Potential Gross % Return: 5% |
Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - [email protected]
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