Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.69%

Address: 14 Leonard Close, Dunlop ACT 2615 Block-Size: 739 sqm
Block: 15 Section: 34
Type: House House/Building Size: TBC
Bedrooms: 4 Bathrooms: 2
Garaging/Car Spots: 1 EER: 4.5
Unimproved Value (2022): $478,000 (2022) UV Price Ratio: 61.28%
Sales Method: $780,000 (Private Treaty) Recommend Purchase Price: 780000
Rates Residential 2022: $2,677* Land Tax Residential 2022: $4,010*
Property Link: https://zango.com.au/sale/14-leonard-close-dunlop-act-2615-78942/ Marketing Agent: Virginia Stoker
Date Added: 07/06/23

Photos:

Block Details

Block Size: 739 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 14 Leonard Close, Dunlop ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 14 Leonard Close, Dunlop ACT 2615

 

Suburb information

Median house price (2022): $810,000 Median house rent (2022): $680
Suburb highest price (2022): $1,150,000 Rental vacancy rate (2022): 0.27%
Medium household income (Census 2021): 2503% Income to rent ratio: 27%
Download Suburb Profile: Profile - June 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $780,000 Estimated Stamp Duty: $26,970
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $806,970

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-214 Approx Turnkey Build Cost inc GST: $243,658
Downloadable Brochure: Design Brochure - 214 Download Proposal: PAP - 14 Leonard Close, Dunlop ACT 2615

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $550 Potential Combined Gross Weekly Income: $1,150
Potential Combined Gross Annual Income: $59,800

Financial Summary

Total Purchase and Build Investment: $1,050,630 Potential Combined Gross Rental Annual Income: $59,800
Potential Gross % Return: 6%

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