Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.22%

Address: 3 Longworth Place, Holt ACT 2615 Block-Size: 629 sqm
Block: 22 Section: 38
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 1.0
Unimproved Value (2022): $461,000 (2022) UV Price Ratio: 61.47%
Sales Method: $765,000 (Private Treaty) Recommend Purchase Price: 750000
Rates Residential 2022: $2,522* Land Tax Residential 2022: $3,674*
Property Link: https://www.allhomes.com.au/3-longworth-place-holt-act-2615 Marketing Agent: Tim Stafford and Karon Stafford
Date Added: 19/09/22

Photos:

Block Details

Block Size: 629 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 3 Longworth Place, Holt ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 3 Longworth Place, Holt ACT 2615

 

Suburb information

Median house price (2022): $850,000 Median house rent (2022): $620
Suburb highest price (2022): $1,400,000 Rental vacancy rate (2022): 0.86%
Medium household income (Census 2021): 1982% Income to rent ratio: 31%
Download Suburb Profile: Profile - September 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-384 Approx Turnkey Build Cost inc GST: $310,000
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 3 Longworth Place, Holt 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: $750 Potential Combined Gross Weekly Income: $1,300
Potential Combined Gross Annual Income: $67,600

Financial Summary

Total Purchase and Build Investment: $1,085,200 Potential Combined Gross Rental Annual Income: $67,600
Potential Gross % Return: 6%

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