Potential Gross Return: 4.95% 

Address: 17 Cole Street, Downer ACT 2602

Block-Size: 741 sqm

Block: 34

Section: 68

Type: House

House/Building Size: TBC

Bedrooms: 2

Bathrooms: 1

Garaging/Car Spots: 5

EER:

Unimproved Value (2022): $924,000 (2022)

UV Price Ratio: 90.15%

Sales Method: Auction (2022-09-03)

Recommend Purchase Price: $1,025,000

Rates Residential 2022: $4,288* 

Land Tax Residential 2022: $7,280* 

Property Link: https://www.allhomes.com.au/17-cole-street-downer-act-2602

Marketing Agent: Alistair Morrel and Peter Morrel

Date Added:

  • Kitchen
  • Kitchen
  • Living Area
  • Bedroom
  • Bathroom
  • Bedroom
  • Paragola
  • Back View
  • Back View
  • Front View
  • Front View
  • Aerial View
  • Floorplan

Block Details:

Block Size: 741 sqm

Block Type: Large Block

Zoning:  RZ1: SUBURBAN

Frontage Approx:

Precinct Code: 17 Cole Street, Downer ACT 2602 Precinct Code Download 

Heritage: N/A

Planning Assessment Report: PAR - 17 Cole Street, Downer ACT 2602

  • Aerial View
  • Block Diagram
  • Easement
  • Front View
  • Length Boundaries
  • Offset
  • Floor Plan
  • Roofing
  • Upper Level Setback
  • Verge Distance

Suburb Information:

Median House Price (2022): $1,333,000

Median House Rent (2022): $670

Suburb Highest Price (2022): $2,055,000​​

Rental Vacancy Rate (2022): 1.25%

Medium Household Income (Census 2021):  $2,267

Income to Rent Ratio:  30%

Download Suburb Profile:  Downer Profile - 2022

Property Purchase Recommendation Summary:

Recommend Purchase Price: $1,025,000

Estimated Stamp Duty: $41,550

Approx Legal and Building Report Costs: $3,000

Total Purchase Investment: $1,066,550

Recommended Secondary Residence:  

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-305

Approx Turnkey Build Cost inc GST: $320,000

Downloadable Brochure: Design Brochure 305 

Download Proposal:

  • Design Snapshot
  • Design Snapshot
  • Design Snapshot
  • Dimension Floor Plan
  • Furniture Floor Plan
  • Elevation Plan

Potential Rental Income:  

Rental Income Stratgety:

Potential Gross Weekly Rental Income of Existing Property: $650

Potential Gross Weekly Rental Income of Recommended Design: $670 

Potential Combined Gross Weekly Income:  $1,320 

Potential Combined Gross Annual Income: $68,640

Financial Summary:

Total Purchase and Build Investment: $1386550

Potential Combined Gross Rental Annual Income: $68,640

Potential Gross % Return: 4.95% 

Get Help Securing This Opportunity:

Contact us

Website Disclaimer  

We have done our best to ensure that the information provided on this Website and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this website should be understood as a recommendation that you should not consult with a qualified financial advisor to address your personal circumstances and needs. The business expressly recommends that you seek advice from a professional.  

The information contained on this Website and the resources available for download intended as, through this website is not intended as, and shall not be understood or construed as, financial advice. I am not a solicitor accountant or financial advisor, nor am I holding myself out to be, and the information contained on the website is not suitable for financial advice from a professional who is aware of the facts and circumstances of your individual situation. 

>