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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.78%

Address: 17 Archer Street, Dickson ACT 2602 Block-Size: 716 sqm
Block: 15 Section: 15
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 2.0
Unimproved Value: $1,024,000 (2022) UV Price Ratio: 120.47%
Sales Method: $850,000 (Private Treaty) Recommend Purchase Price: 850000
Rates Residential: $4,829* Land Tax Residential: $8,337*
Property Link: https://zango.com.au/sale/17-archer-street-dickson-act-2602-78638/ Marketing Agent: Jeff Shortland
Date Added: 26/04/23

Photos:

Block Details

Block Size: 716 sqm Block Type: Large Block
Zoning: RZ2: SUBURBAN CORE Frontage Approx:
Precinct Code: 17 Archer Street, Dickson ACT 2602 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 17 Archer Street, Dickson ACT 2602

 

Suburb information

Median house price: 1200000 Median house rent: 710
Suburb highest price: 1200000 Rental vacancy rate: 0.97
Medium household income (Census 2021): $2,277 Income to rent ratio: 31%
Download Suburb Profile: Profile - April 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $850,000 Estimated Stamp Duty: $31,100
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $881,100

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-142 Approx Turnkey Build Cost inc GST: $197,416
Downloadable Brochure: Design Brochure - 142 Download Proposal: PAP - 17 Archer Street, Dickson ACT 2602

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $700
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,200
Potential Combined Gross Annual Income: $62,400

Financial Summary

Total Purchase and Build Investment: $1,078,520 Potential Combined Gross Rental Annual Income: $62,400
Potential Gross % Return: 6%

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