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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.17%

Address: 11 Eton Place, Kambah ACT 2902 Block-Size: 638 sqm
Block: 7 Section: 216
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 1.0
Unimproved Value: $470,000 (2022) UV Price Ratio: 67.63%
Sales Method: $699,000 (Private Treaty) Recommend Purchase Price: 695000
Rates Residential: $2,638* Land Tax Residential: $3,924*
Property Link: https://www.allhomes.com.au/11-eton-place-kambah-act-2902 Marketing Agent: Zac Morris and Tahlia Morris
Date Added: 06/03/23

Photos:

Block Details

Block Size: 638 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 11 Eton Place, Kambah ACT 2902 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 11 Eton Place, Kambah ACT 2902

 

Suburb information

Median house price: 800000 Median house rent: 685
Suburb highest price: 1125000 Rental vacancy rate: 0.46
Medium household income (Census 2021): $2,207 Income to rent ratio: 31%
Download Suburb Profile: Profile - March 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $695,000 Estimated Stamp Duty: $22,824
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $717,824

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-144 Approx Turnkey Build Cost inc GST: $250,000
Downloadable Brochure: Design Brochure - 144 Download Proposal: PAP - 11 Eton Place, Kambah ACT 2902

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $650
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,150
Potential Combined Gross Annual Income: $59,800

Financial Summary

Total Purchase and Build Investment: $967,824 Potential Combined Gross Rental Annual Income: $59,800
Potential Gross % Return: 6%

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