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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: $575,000 (2022) UV Price Ratio: 89.98%
Sales Method: $639,000 (Private Treaty) Recommend Purchase Price: 639000
Rates Residential: $2,903* Land Tax Residential: $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: 865000 Median house rent: 650
Suburb highest price: 1300000 Rental vacancy rate: 0.72
Medium household income (Census 2021): $2,248 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%

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