Qualified Properties For Secondary Residence Potential
Potential Gross Return: 5.16%
Address: 2 Nyrang Street, Narrabundah ACT 2604 | Block-Size: 958 sqm | ||
Block: 2 | Section: 2 | ||
Type: House | House/Building Size: TBC | ||
Bedrooms: 2 | Bathrooms: 1 | ||
Garaging/Car Spots: 1 | EER: | ||
Unimproved Value (2022): $890,000 (2022) | UV Price Ratio: 93.68% | ||
Sales Method: Auction (2023-03-18) | Recommend Purchase Price: 950000 | ||
Rates Residential 2022: $3,984* | Land Tax Residential 2022: $6,683* | ||
Property Link: https://www.allhomes.com.au/2-nyrang-street-narrabundah-act-2604 | Marketing Agent: David Stokes | ||
Date Added: 01/03/23 |
Photos:
Block Details
Block Size: 958 sqm | Block Type: Large Block | ||
Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
Precinct Code: 2 Nyrang Street, Narrabundah ACT 2604 Precinct Code Download | Heritage: N/A | ||
Planning Assessment Report: PAR - 2 Nyrang Street, Narrabundah ACT 2604 |
Suburb information
Median house price (2022): $3,625,000 | Median house rent (2022): $700 | ||
Suburb highest price (2022): $3,625,000 | Rental vacancy rate (2022): 1.3% | ||
Medium household income (Census 2021): 2352% | Income to rent ratio: 30% | ||
Download Suburb Profile: Profile - March 2023 |
Property Purchase Recommendation Summary
Recommend Purchase Price: $950,000 | Estimated Stamp Duty: $37,000 | ||
Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $987,000 |
Recommended Secondary Residence
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-144 | Approx Turnkey Build Cost inc GST: $220,000 | ||
Downloadable Brochure: Design Brochure - 144 | Download Proposal: PAP - 2 Nyrang Street, Narrabundah ACT 2604 |
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: $1,207,000 | Potential Combined Gross Rental Annual Income: $62,400 | ||
Potential Gross % Return: 5% |
Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - [email protected]
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