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 (2022): $498,000 (2022) | UV Price Ratio: 64.26% | ||
Sales Method: $775,000 (Private Treaty) | Recommend Purchase Price: 775000 | ||
Rates Residential 2022: $2,679* | Land Tax Residential 2022: $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 (2022): $932,500 | Median house rent (2022): $695 | ||
Suburb highest price (2022): $1,630,000 | Rental vacancy rate (2022): 0.32% | ||
Medium household income (Census 2021): 2295% | 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% |
Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - [email protected]
- 0400 446 605