Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.22%

Address: 11 Dore Court, Evatt ACT 2617 Block-Size: 629 sqm
Block: 12 Section: 55
Type: House House/Building Size: TBC
Bedrooms: 2 Bathrooms: 1
Garaging/Car Spots: 1 EER: 1.0
Unimproved Value (2022): $474,000 (2022) UV Price Ratio: 69.2%
Sales Method: Auction (2023-05-27) Recommend Purchase Price: 685000
Rates Residential 2022: $2,510* Land Tax Residential 2022: $3,647*
Property Link: https://zango.com.au/sale/11-dore-court-evatt-act-2617-79363/ Marketing Agent: Sebastian Gutierrez and Joshua Gutierrez
Date Added: 10/05/23

Photos:

Block Details

Block Size: 629 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 11 Dore Court, Evatt ACT 2617 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 11 Dore Court, Evatt ACT 2617

 

Suburb information

Median house price (2022): $787,500 Median house rent (2022): $640
Suburb highest price (2022): $1,095,000 Rental vacancy rate (2022): 0.57%
Medium household income (Census 2021): 2428% Income to rent ratio: 26%
Download Suburb Profile: Profile - May 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $685,000 Estimated Stamp Duty: $22,392
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $707,392

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-238 Approx Turnkey Build Cost inc GST: $253,655
Downloadable Brochure: Design Brochure - 238 Download Proposal: PAP - 11 Dore Court, Evatt ACT 2617

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $550 Potential Combined Gross Weekly Income: $1,150
Potential Combined Gross Annual Income: $59,800

Financial Summary

Total Purchase and Build Investment: $961,047 Potential Combined Gross Rental Annual Income: $59,800
Potential Gross % Return: 6%

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