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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.54%

Address: 14 Jenner Court, Wanniassa ACT 290 Block-Size: 684 sqm
Block: 16 Section: 172
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 2.0
Unimproved Value: $443,000 (2022) UV Price Ratio: 63.29%
Sales Method: Private Treaty Recommend Purchase Price: 70000
Rates Residential: $2,472* Land Tax Residential: $3,566*
Property Link: https://www.allhomes.com.au/14-jenner-court-wanniassa-act-2903 Marketing Agent: Sean Rogers
Date Added: 18/08/22

Photos:

Block Details

Block Size: 684 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 14 Jenner Court, Wanniassa ACT 290 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 14 Jenner Court, Wanniassa ACT 290

 

Suburb information

Median house price: 940000 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 - August 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $700,000 Estimated Stamp Duty: $23,039
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $723,039

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-262 Approx Turnkey Build Cost inc GST: $237,500
Downloadable Brochure: Design Brochure - 262 Download Proposal: PAP - 14 Jenner Court, Wanniassa ACT 290

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $525
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,025
Potential Combined Gross Annual Income: $53,300

Financial Summary

Total Purchase and Build Investment: $960,539 Potential Combined Gross Rental Annual Income: $53,300
Potential Gross % Return: 6%

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