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 (2022): $575,000 (2022) UV Price Ratio: 74.19%
Sales Method: Private Treaty Recommend Purchase Price: 775000
Rates Residential 2022: $2,903* Land Tax Residential 2022: $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 (2022): $860,000 Median house rent (2022): $650
Suburb highest price (2022): $1,300,000 Rental vacancy rate (2022): 0.29%
Medium household income (Census 2021): 2247% 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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