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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.59%

Address: 16 Trumper Street, Holt ACT 2615 Block-Size: 661 sqm
Block: 34 Section: 16
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 1.5
Unimproved Value: $501,000 (2022) UV Price Ratio: 67.7%
Sales Method: Private Treaty Recommend Purchase Price: 740000
Rates Residential: $2,677* Land Tax Residential: $4,010*
Property Link: https://www.allhomes.com.au/16-trumper-street-holt-act-2615 Marketing Agent:
Date Added: 01/11/22

Photos:

Block Details

Block Size: 661 sqm Block Type: Large Block
Zoning: RZ2: SUBURBAN CORE Frontage Approx:
Precinct Code: 16 Trumper Street, Holt ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 16 Trumper Street, Holt ACT 2615

 

Suburb information

Median house price: 850000 Median house rent: 620
Suburb highest price: 1400001 Rental vacancy rate: 0.86
Medium household income (Census 2021): $1,983 Income to rent ratio: 31%
Download Suburb Profile: Profile - November 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $740,000 Estimated Stamp Duty: $24,768
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $764,768

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-383 Approx Turnkey Build Cost inc GST: $300,000
Downloadable Brochure: Design Brochure - 383 Download Proposal: PAP - 16 Trumper Street, Holt 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: $750 Potential Combined Gross Weekly Income: $1,350
Potential Combined Gross Annual Income: $70,200

Financial Summary

Total Purchase and Build Investment: $1,064,770 Potential Combined Gross Rental Annual Income: $70,200
Potential Gross % Return: 7%

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