Qualified Properties For Secondary Residence Potential
Potential Gross Return: 6.2%
Address: 22 Pennefather Street Higgins, ACT 2615 | Block-Size: 730 sqm | ||
Block: 11 | Section: 36 | ||
Type: House | House/Building Size: TBC | ||
Bedrooms: 3 | Bathrooms: 1 | ||
Garaging/Car Spots: 1 | EER: | ||
Unimproved Value (2022): $575,000 (2022) | UV Price Ratio: 89.98% | ||
Sales Method: $639,000 (Private Treaty) | Recommend Purchase Price: 639000 | ||
Rates Residential 2022: $2,903* | Land Tax Residential 2022: $4,498* | ||
Property Link: https://zango.com.au/property/22-pennefather-street-higgins-act-2615/ | Marketing Agent: Ben and Tracey Oostermeyer | ||
Date Added: 14/02/23 |
Photos:
Block Details
Block Size: 730 sqm | Block Type: Large Block | ||
Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
Precinct Code: 22 Pennefather Street Higgins, ACT 2615 Precinct Code Download | Heritage: N/A | ||
Planning Assessment Report: PAR - 22 Pennefather Street Higgins, ACT 2615 |
Suburb information
Median house price (2022): $865,000 | Median house rent (2022): $650 | ||
Suburb highest price (2022): $1,300,000 | Rental vacancy rate (2022): 0.72% | ||
Medium household income (Census 2021): 2248% | Income to rent ratio: 29% | ||
Download Suburb Profile: Profile - February 2023 |
Property Purchase Recommendation Summary
Recommend Purchase Price: $639,000 | Estimated Stamp Duty: $20,405 | ||
Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $659,405 |
Recommended Secondary Residence
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-124 | Approx Turnkey Build Cost inc GST: $200,000 | ||
Downloadable Brochure: Design Brochure - 124 | Download Proposal: PAP - 22 Pennefather Street Higgins, ACT 2615 |
Potential Rental Income
Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $550 | ||
Potential Gross Weekly Rental Income of Recommended Design: $475 | Potential Combined Gross Weekly Income: $1,025 | ||
Potential Combined Gross Annual Income: $53,300 |
Financial Summary
Total Purchase and Build Investment: $859,405 | Potential Combined Gross Rental Annual Income: $53,300 | ||
Potential Gross % Return: 6% |
Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - [email protected]
- 0400 446 605