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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 7.34%

Address: 144 Belconnen Way, Scullin ACT 2614 Block-Size: 1111 sqm
Block: 39 Section: 45
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 2
Garaging/Car Spots: 2 EER: 1.0
Unimproved Value (2022): $464,000 (2022) UV Price Ratio: 58%
Sales Method: Private Treaty Recommend Purchase Price: 800000
Rates Residential 2022: $2,583* Land Tax Residential 2022: $3,805*
Property Link: https://www.allhomes.com.au/144-belconnen-way-scullin-act-2614 Marketing Agent: Jason Roses and Elizabeth Da Pozzo
Date Added: 28/10/22

Photos:

Block Details

Block Size: 1111 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 144 Belconnen Way, Scullin ACT 2614 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 144 Belconnen Way, Scullin ACT 2614

 

Suburb information

Median house price (2022): $880,000 Median house rent (2022): $650
Suburb highest price (2022): $1,386,500 Rental vacancy rate (2022): 0.39%
Medium household income (Census 2021): 2025% Income to rent ratio: 32%
Download Suburb Profile: Profile - October 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $800,000 Estimated Stamp Duty: $28,150
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $828,150

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-420 Approx Turnkey Build Cost inc GST: $340,000
Downloadable Brochure: Design Brochure - 420 Download Proposal:

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $650
Potential Gross Weekly Rental Income of Recommended Design: $1,000 Potential Combined Gross Weekly Income: $1,650
Potential Combined Gross Annual Income: $85,800

Financial Summary

Total Purchase and Build Investment: $1,168,150 Potential Combined Gross Rental Annual Income: $85,800
Potential Gross % Return: 7%

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