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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: $924,000 (2022) UV Price Ratio: 93.33%
Sales Method: $990,000 (Private Treaty) Recommend Purchase Price: 990000
Rates Residential: $4,288* Land Tax Residential: $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: 1175000 Median house rent: 670
Suburb highest price: 1175000 Rental vacancy rate: 1.19
Medium household income (Census 2021): $2,267 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%

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