Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.58%

Address: 3 Seddon Place, Flynn ACT 2615 Block-Size: 737 sqm
Block: 6 Section: 26
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 2
Garaging/Car Spots: 2 EER:
Unimproved Value (2022): $526,000 (2022) UV Price Ratio: 75.14%
Sales Method: $699,000 (Private Treaty) Recommend Purchase Price: 700000
Rates Residential 2022: $2,787* Land Tax Residential 2022: $4,247*
Property Link: https://www.allhomes.com.au/3-seddon-place-flynn-act-2615 Marketing Agent: Matt Sebbens and Chris Churchill
Date Added: 01/03/23

Photos:

Block Details

Block Size: 737 sqm Block Type: Large Block
Zoning: RZ2: SUBURBAN CORE Frontage Approx:
Precinct Code: 3 Seddon Place, Flynn ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 3 Seddon Place, Flynn ACT 2615

 

Suburb information

Median house price (2022): $955,000 Median house rent (2022): $670
Suburb highest price (2022): $1,765,000 Rental vacancy rate (2022): 0.54%
Medium household income (Census 2021): 2727% Income to rent ratio: 25%
Download Suburb Profile: Profile - March 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $700,000 Estimated Stamp Duty: $23,040
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $723,040

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-144 Approx Turnkey Build Cost inc GST: $225,000
Downloadable Brochure: Design Brochure - 144 Download Proposal: PAP - 3 Seddon Place, Flynn ACT 2615

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $650
Potential Gross Weekly Rental Income of Recommended Design: $550 Potential Combined Gross Weekly Income: $1,200
Potential Combined Gross Annual Income: $62,400

Financial Summary

Total Purchase and Build Investment: $948,040 Potential Combined Gross Rental Annual Income: $62,400
Potential Gross % Return: 7%

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