Qualified Properties For Secondary Residence Potential
Potential Gross Return: 4.95%
Address: 17 Cole Street, Downer ACT 2602 | Block-Size: 741 sqm | ||
Block: 34 | Section: 68 | ||
Type: House | House/Building Size: TBC | ||
Bedrooms: 2 | Bathrooms: 1 | ||
Garaging/Car Spots: 5 | EER: | ||
Unimproved Value (2022): $924000 (2022) | UV Price Ratio: 90.15% | ||
Sales Method: Auction (2022-09-03) | Recommend Purchase Price: 1025000 | ||
Rates Residential 2022: $4,288* | Land Tax Residential 2022: $7,280* | ||
Property Link: https://www.allhomes.com.au/17-cole-street-downer-act-2602 | Marketing Agent: Alistair Morrel and Peter Morrel | ||
Date Added: 22/11/24 |
Photos:
Block Details
Block Size: 741 sqm | Block Type: Large Block | ||
Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
Precinct Code: 17 Cole Street, Downer ACT 2602 Precinct Code Download | Heritage: N/A | ||
Planning Assessment Report: PAR - 17 Cole Street, Downer ACT 2602 |
Suburb information
Median house price (2022): $1,333,000 | Median house rent (2022): $670 | ||
Suburb highest price (2022): $2,055,000 | Rental vacancy rate (2022): 1.25% | ||
Medium household income (Census 2021): 2267% | Income to rent ratio: 30% | ||
Download Suburb Profile: Profile - November 2024 |
Property Purchase Recommendation Summary
Recommend Purchase Price: $1,025,000 | Estimated Stamp Duty: $41,550 | ||
Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $1,066,550 |
Recommended Secondary Residence
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-305 | Approx Turnkey Build Cost inc GST: $320,000 | ||
Downloadable Brochure: Design Brochure - 305 | 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: $670 | Potential Combined Gross Weekly Income: $1,320 | ||
Potential Combined Gross Annual Income: $68,640 |
Financial Summary
Total Purchase and Build Investment: $1,386,550 | Potential Combined Gross Rental Annual Income: $68,640 | ||
Potential Gross % Return: 5% |
Contact Us
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2617, Australia - [email protected]
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