Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.2%

Address: 25 Lee Steere Crescent, Kambah ACT 2902 Block-Size: 828 sqm
Block: 27 Section: 457
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER:
Unimproved Value (2022): $557,000 (2024) UV Price Ratio: 73.77%
Sales Method: $750,000+ Recommend Purchase Price: 755000
Rates Residential 2022: $3,220* Land Tax Residential 2022: $5,964*
Property Link: https://www.allhomes.com.au/25-lee-steere-crescent-kambah-act-2902 Marketing Agent: Zac Morris
Date Added: 05/03/25

Photos:

Block Details

Block Size: 828 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 25 Lee Steere Crescent, Kambah ACT 2902 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 25 Lee Steere Crescent, Kambah ACT 2902

 

Suburb information

Median house price (2022): $1,300,000 Median house rent (2022): $650
Suburb highest price (2022): $1,300,000 Rental vacancy rate (2022): 0.3%
Medium household income (Census 2021): $2,207 Income to rent ratio: 29%
Download Suburb Profile: Profile - March 2025

Property Purchase Recommendation Summary

Recommend Purchase Price: $755,000 Estimated Stamp Duty: $22,495
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $777,495

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-216 Approx Turnkey Build Cost inc GST: $210,549
Downloadable Brochure: Design Brochure - 216 Download Proposal:

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $520
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,020
Potential Combined Gross Annual Income: $53,040

Financial Summary

Total Purchase and Build Investment: $252,111 Potential Combined Gross Rental Annual Income: $53,040
Potential Gross % Return: 5.2%

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