Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.47%

Address: 16 Barangaroo Street, Chisholm ACT 2905 Block-Size: 911 sqm
Block: 8 Section: 503
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 0.5
Unimproved Value (2022): $479,000 (2022) UV Price Ratio: 62.21%
Sales Method: $780,000 (Private Treaty) Recommend Purchase Price: 770000
Rates Residential 2022: $2,884* Land Tax Residential 2022: 5,094*
Property Link: https://www.allhomes.com.au/16-barangaroo-street-chisholm-act-2905 Marketing Agent: Sandy Morris
Date Added: 11/11/24

Photos:

Block Details

Block Size: 911 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 16 Barangaroo Street, Chisholm ACT 2905 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 16 Barangaroo Street, Chisholm ACT 2905

 

Suburb information

Median house price (2022): $809,000 Median house rent (2022): $650
Suburb highest price (2022): $1,220,000 Rental vacancy rate (2022): 0.4%
Medium household income (Census 2021): 2292% Income to rent ratio: 28%
Download Suburb Profile: Profile - November 2024

Property Purchase Recommendation Summary

Recommend Purchase Price: $770,000 Estimated Stamp Duty: $26,487
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $796,487

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-383 Approx Turnkey Build Cost inc GST: $342,662
Downloadable Brochure: Design Brochure - 383 Download Proposal: PAP - 16 Barangaroo Street, Chisholm ACT 2905

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $600 Potential Combined Gross Weekly Income: $1,200
Potential Combined Gross Annual Income: $62,400

Financial Summary

Total Purchase and Build Investment: $1,139,150 Potential Combined Gross Rental Annual Income: $62,400
Potential Gross % Return: 5%

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