Qualified Properties For Secondary Residence Potential

Potential Gross Return: 4.78%

Address: 30 Chisholm Street, Ainslie ACT 2602 Block-Size: 601 sqm
Block: 6 Section: 63
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms:
Garaging/Car Spots: EER: 5.0
Unimproved Value (2022): $1,100,000 (2022) UV Price Ratio: 107.32%
Sales Method: Private Treaty Recommend Purchase Price: 1025000
Rates Residential 2022: $5,354* Land Tax Residential 2022: $9,356*
Property Link: https://www.allhomes.com.au/30-chisholm-street-ainslie-act-2602 Marketing Agent:
Date Added: 17/08/22

Photos:

Block Details

Block Size: 601 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 30 Chisholm Street, Ainslie ACT 2602 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 30 Chisholm Street, Ainslie ACT 2602

 

Suburb information

Median house price (2022): $1,620,000 Median house rent (2022): $750
Suburb highest price (2022): $2,450,000 Rental vacancy rate (2022): 0.65%
Medium household income (Census 2021): 2433% Income to rent ratio: 31%
Download Suburb Profile: Profile - August 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $1,025,000 Estimated Stamp Duty: $41,550
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $1,066,550

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-262 Approx Turnkey Build Cost inc GST: $237,500
Downloadable Brochure: Design Brochure - 262 Download Proposal: PAP - 30 Chisholm Street, Ainslie ACT 2602

 

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: $1,304,050 Potential Combined Gross Rental Annual Income: $62,400
Potential Gross % Return: 5%

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