Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.2%

Address: 203 Phillip Avenue, Hackett ACT 2602 Block-Size: 694 sqm
Block: 15 Section: 11
Type: House House/Building Size: TBC
Bedrooms: 4 Bathrooms: 1
Garaging/Car Spots: 1 EER: 1.0
Unimproved Value (2022): $796,000 (2022) UV Price Ratio: 74.05%
Sales Method: Private Treaty Recommend Purchase Price: 1075000
Rates Residential 2022: $3,935* Land Tax Residential 2022: $6,589*
Property Link: https://www.allhomes.com.au/203-phillip-avenue-hackett-act-2602 Marketing Agent: Stephen Bunday
Date Added: 22/11/24

Photos:

Block Details

Block Size: 694 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 203 Phillip Avenue, Hackett ACT 2602 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 203 Phillip Avenue, Hackett ACT 2602

 

Suburb information

Median house price (2022): $1,235,000 Median house rent (2022): $767
Suburb highest price (2022): $2,340,001 Rental vacancy rate (2022): 0.38%
Medium household income (Census 2021): 2623% Income to rent ratio: 29%
Download Suburb Profile: Profile - November 2024

Property Purchase Recommendation Summary

Recommend Purchase Price: $1,075,000 Estimated Stamp Duty: $44,750
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $1,119,750

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $235,000
Downloadable Brochure: Design Brochure - 262 Download Proposal: PAP - 203 Phillip Avenue, Hackett ACT 2602

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $850
Potential Gross Weekly Rental Income of Recommended Design: $768 Potential Combined Gross Weekly Income: $1,618
Potential Combined Gross Annual Income: $84,110

Financial Summary

Total Purchase and Build Investment: $1,354,750 Potential Combined Gross Rental Annual Income: $84,110
Potential Gross % Return: 6%

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