Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.34%

Address: 24 Edlington Street, Fraser ACT 2615 Block-Size: 800 sqm
Block: 14 Section: 59
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 2
Garaging/Car Spots: 2 EER: 1.5
Unimproved Value (2022): $463,000 (2022) UV Price Ratio: 58.24%
Sales Method: $795,000 (Private Treaty) Recommend Purchase Price: 795000
Rates Residential 2022: $2,517* Land Tax Residential 2022: $3,662*
Property Link: https://www.allhomes.com.au/24-edlington-street-fraser-act-2615 Marketing Agent: Vic Srbinovski
Date Added: 14/06/23

Photos:

Block Details

Block Size: 800 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 24 Edlington Street, Fraser ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 24 Edlington Street, Fraser ACT 2615

 

Suburb information

Median house price (2022): $880,000 Median house rent (2022): $670
Suburb highest price (2022): $935,000 Rental vacancy rate (2022): 0.51%
Medium household income (Census 2021): 2618% Income to rent ratio: 26%
Download Suburb Profile: Profile - June 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $795,000 Estimated Stamp Duty: $27,855
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $822,855

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $345,681
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 24 Edlington Street, Fraser ACT 2615

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $675
Potential Gross Weekly Rental Income of Recommended Design: $750 Potential Combined Gross Weekly Income: $1,425
Potential Combined Gross Annual Income: $74,100

Financial Summary

Total Purchase and Build Investment: $1,168,540 Potential Combined Gross Rental Annual Income: $74,100
Potential Gross % Return: 6%

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