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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.17%

Address: 12 Dickinson Street, Watson ACT 2602 Block-Size: 882 sqm
Block: 18 Section: 24
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 0.5
Unimproved Value: $927,000 (2022) UV Price Ratio: 88.29%
Sales Method: $1,050,000 (Private Treaty) Recommend Purchase Price: 1050000
Rates Residential: $4,217* Land Tax Residential: $7,141*
Property Link: https://www.allhomes.com.au/12-dickinson-street-watson-act-2602 Marketing Agent: Brenden Blewitt
Date Added: 19/04/23

Photos:

Block Details

Block Size: 882 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 12 Dickinson Street, Watson ACT 2602 Precinct Code Download Heritage: NA
Planning Assessment Report: PAR - 12 Dickinson Street, Watson ACT 2602

 

Suburb information

Median house price: 1037500 Median house rent: 700
Suburb highest price: 1240000 Rental vacancy rate: 1.03
Medium household income (Census 2021): $2,414 Income to rent ratio: 29%
Download Suburb Profile: Profile - April 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $1,050,000 Estimated Stamp Duty: $43,150
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $1,093,150

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-161 Approx Turnkey Build Cost inc GST: $255,000
Downloadable Brochure: Design Brochure - 161 Download Proposal: PAP - 12 Dickinson Street, Watson ACT 2602

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $800
Potential Gross Weekly Rental Income of Recommended Design: $799 Potential Combined Gross Weekly Income: $1,600
Potential Combined Gross Annual Income: $83,200

Financial Summary

Total Purchase and Build Investment: $1,348,150 Potential Combined Gross Rental Annual Income: $83,200
Potential Gross % Return: 6%

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