Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.22%

Address: 24 Meeson Street, Chisholm ACT 2905 Block-Size: 743 sqm
Block: 27 Section: 504
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 3 EER: 1.5
Unimproved Value (2022): $450,000 (2022) UV Price Ratio: 60%
Sales Method: Private Treaty Recommend Purchase Price: 750000
Rates Residential 2022: $2,570* Land Tax Residential 2022: $3,777*
Property Link: https://www.allhomes.com.au/24-meeson-street-chisholm-act-2905 Marketing Agent: Lauren Laing
Date Added: 25/08/22

Photos:

Block Details

Block Size: 743 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 24 Meeson Street, Chisholm ACT 2905 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 24 Meeson Street, Chisholm ACT 2905

 

Suburb information

Median house price (2022): $845,000 Median house rent (2022): $645
Suburb highest price (2022): $15,555,000 Rental vacancy rate (2022): 0.25%
Medium household income (Census 2021): 2292% Income to rent ratio: 28%
Download Suburb Profile: Profile - August 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $750,000 Estimated Stamp Duty: $25,200
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $775,200

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-124 Approx Turnkey Build Cost inc GST: $195,000
Downloadable Brochure: Design Brochure - 124 Download Proposal: PAP - 24 Meeson Street, Chisholm ACT 2905

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $550
Potential Gross Weekly Rental Income of Recommended Design: $425 Potential Combined Gross Weekly Income: $975
Potential Combined Gross Annual Income: $50,700

Financial Summary

Total Purchase and Build Investment: $970,200 Potential Combined Gross Rental Annual Income: $50,700
Potential Gross % Return: 5%

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