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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 7.03%

Address: 13 Balfour Crescent, Wanniassa ACT 2903 Block-Size: 1186 sqm
Block: 29 Section: 239
Type: House House/Building Size: TBC
Bedrooms: 4 Bathrooms: 1
Garaging/Car Spots: 2 EER: 2.5
Unimproved Value: $498,000 (2022) UV Price Ratio: 64.26%
Sales Method: $775,000 (Private Treaty) Recommend Purchase Price: 775000
Rates Residential: $2,679* Land Tax Residential: $4,014*
Property Link: https://zango.com.au/property/13-balfour-crescent-wanniassa-act-2903/ Marketing Agent: Mark McCann
Date Added: 14/02/23

Photos:

Block Details

Block Size: 1186 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 13 Balfour Crescent, Wanniassa ACT 2903 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 13 Balfour Crescent, Wanniassa ACT 2903

 

Suburb information

Median house price: 932500 Median house rent: 695
Suburb highest price: 1630000 Rental vacancy rate: 0.32
Medium household income (Census 2021): $2,295 Income to rent ratio: 30%
Download Suburb Profile: Profile - February 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $775,000 Estimated Stamp Duty: $26,675
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $801,675

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-488 Approx Turnkey Build Cost inc GST: $400,000
Downloadable Brochure: Design Brochure - 488 Download Proposal: PAP - 13 Balfour Crescent, Wanniassa ACT 2903

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $625
Potential Gross Weekly Rental Income of Recommended Design: $1,000 Potential Combined Gross Weekly Income: $1,625
Potential Combined Gross Annual Income: $84,500

Financial Summary

Total Purchase and Build Investment: $1,201,675 Potential Combined Gross Rental Annual Income: $84,500
Potential Gross % Return: 7%

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