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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.85%

Address: 17 Feint Street, Conder ACT 2906 Block-Size: 643 sqm
Block: 17 Section: 221
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 1.0
Unimproved Value: $421,000 (2022) UV Price Ratio: 61.91%
Sales Method: Private Treaty Recommend Purchase Price: 680000
Rates Residential: $2,344* Land Tax Residential: $3,287*
Property Link: https://www.allhomes.com.au/14-jenner-court-wanniassa-act-2903 Marketing Agent: Paul Corazza and Ray Moon
Date Added: 20/08/22

Photos:

Block Details

Block Size: 643 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 17 Feint Street, Conder ACT 2906 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 17 Feint Street, Conder ACT 2906

 

Suburb information

Median house price: 701000 Median house rent: 550
Suburb highest price: 865000 Rental vacancy rate: 0.16
Medium household income (Census 2021): $2,574 Income to rent ratio: 21%
Download Suburb Profile: Profile - August 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $680,000 Estimated Stamp Duty: $22,176
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $702,176

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $320,000
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 17 Feint Street, Conder ACT 2906

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $500
Potential Gross Weekly Rental Income of Recommended Design: $650 Potential Combined Gross Weekly Income: $1,150
Potential Combined Gross Annual Income: $59,800

Financial Summary

Total Purchase and Build Investment: $1,022,180 Potential Combined Gross Rental Annual Income: $59,800
Potential Gross % Return: 6%

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