Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.4%

Address: 24 Clifford Crescent, Melba ACT 2615 Block-Size: 877 sqm
Block: 24 Section: 21
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: EER: 1.0
Unimproved Value (2022): $544,000 (2022) UV Price Ratio: 78.84%
Sales Method: $690,000 (Private Treaty) Recommend Purchase Price: 690000
Rates Residential 2022: $2,792* Land Tax Residential 2022: $4,258*
Property Link: https://zango.com.au/sale/24-clifford-crescent-melba-act-2615-70889/ Marketing Agent: Maree Van Arkel and Megan Van Arkel
Date Added: 12/01/23

Photos:

Block Details

Block Size: 877 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 24 Clifford Crescent, Melba ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 24 Clifford Crescent, Melba ACT 2615

 

Suburb information

Median house price (2022): $1,005,000 Median house rent (2022): $710
Suburb highest price (2022): $1,270,000 Rental vacancy rate (2022): 0.47%
Medium household income (Census 2021): 2326% Income to rent ratio: 31%
Download Suburb Profile: Profile - January 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $690,000 Estimated Stamp Duty: $22,608
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $712,608

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-256 Approx Turnkey Build Cost inc GST: $250,000
Downloadable Brochure: Design Brochure - 256 Download Proposal:

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $500
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,000
Potential Combined Gross Annual Income: $52,000

Financial Summary

Total Purchase and Build Investment: $962,608 Potential Combined Gross Rental Annual Income: $52,000
Potential Gross % Return: 5%

Get Help Securing This Opportunity

Share Opportunity:
Contact Us