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: $1,386,550

Potential Combined Gross Rental Annual Income: $68,640

Potential Gross % Return: 4.95% 

Get Help Securing This Opportunity:

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