Qualified Properties For Secondary Residence Potential

Potential Gross Return: 8.18%

Address: 29 Kinsella Street, Higgins ACT 2615 Block-Size: 731 sqm
Block: 7 Section: 43
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 1.0
Unimproved Value (2022): $550,000 (2022) UV Price Ratio: 74.83%
Sales Method: Private Treaty Recommend Purchase Price: 735000
Rates Residential 2022: $2,810* Land Tax Residential 2022: $4,296*
Property Link: https://zango.com.au/sale/29-kinsella-street-higgins-act-2615-71578/ Marketing Agent: Tim and Annabelle McInnes
Date Added: 29/12/22

Photos:

Block Details

Block Size: 731 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 29 Kinsella Street, Higgins ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 29 Kinsella Street, Higgins ACT 2615

 

Suburb information

Median house price (2022): $860,000 Median house rent (2022): $650
Suburb highest price (2022): $1,300,000 Rental vacancy rate (2022): 0.29%
Medium household income (Census 2021): 2248% Income to rent ratio: 29%
Download Suburb Profile: Profile - December 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $735,000 Estimated Stamp Duty: $24,552
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $759,552

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $35,000
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 29 Kinsella 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: $700 Potential Combined Gross Weekly Income: $1,250
Potential Combined Gross Annual Income: $65,000

Financial Summary

Total Purchase and Build Investment: $794,552 Potential Combined Gross Rental Annual Income: $65,000
Potential Gross % Return: 8%

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