Qualified Properties For Secondary Residence Potential
Potential Gross Return: 5.56%
| Address: 130 Pennefather Street, Higgins ACT 2615 | Block-Size: 760 sqm | ||
| Block: 26 | Section: 25 | ||
| Type: House | House/Building Size: TBC | ||
| Bedrooms: 4 | Bathrooms: 2 | ||
| Garaging/Car Spots: 1 | EER: 3.0 | ||
| Unimproved Value: $575,000 (2022) | UV Price Ratio: 74.19% | ||
| Sales Method: Private Treaty | Recommend Purchase Price: 775000 | ||
| Rates Residential: $2,903* | Land Tax Residential: $4,498* | ||
| Property Link: https://www.allhomes.com.au/130-pennefather-street-higgins-act-2615 | Marketing Agent: Steve Lowe | ||
| Date Added: 31/12/22 |
Photos:
Block Details
| Block Size: 760 sqm | Block Type: Large Block | ||
| Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
| Precinct Code: 130 Pennefather Street, Higgins ACT 2615 Precinct Code Download | Heritage: N/A | ||
| Planning Assessment Report: PAR - 130 Pennefather Street, Higgins ACT 2615 |
Suburb information
| Median house price: 860000 | Median house rent: 650 | ||
| Suburb highest price: 1300000 | Rental vacancy rate: 0.29 | ||
| Medium household income (Census 2021): $2,247 | Income to rent ratio: 29% | ||
| Download Suburb Profile: Profile - December 2022 |
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-266 | Approx Turnkey Build Cost inc GST: $250,000 | ||
| Downloadable Brochure: Design Brochure - 266 | Download Proposal: PAP - 130 Pennefather Street, Higgins ACT 2615 |
Potential Rental Income
| Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $625 | ||
| Potential Gross Weekly Rental Income of Recommended Design: $500 | Potential Combined Gross Weekly Income: $1,125 | ||
| Potential Combined Gross Annual Income: $58,500 |
Financial Summary
| Total Purchase and Build Investment: $1,051,680 | Potential Combined Gross Rental Annual Income: $58,500 | ||
| Potential Gross % Return: 6% |
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6/80 Emu Bank, Belconnen ACT
2617, Australia - info@buyersagentcanberra.com.au
- 0400 446 605