Qualified Properties For Secondary Residence Potential
Potential Gross Return: 6.32%
Address: 31 Scarlett Street, Melba ACT 2615 | Block-Size: 653 sqm | ||
Block: 28 | Section: 31 | ||
Type: House | House/Building Size: TBC | ||
Bedrooms: 4 | Bathrooms: 2 | ||
Garaging/Car Spots: 1 | EER: 1.0 | ||
Unimproved Value (2022): $670,000 (2022) | UV Price Ratio: 83.75% | ||
Sales Method: Auction (2023-03-18) | Recommend Purchase Price: 800000 | ||
Rates Residential 2022: $3,279* | Land Tax Residential 2022: $5,284* | ||
Property Link: https://www.allhomes.com.au/31-scarlett-street-melba-act-2615 | Marketing Agent: Tyran Murphy and Brett Hayman | ||
Date Added: 08/03/23 |
Photos:
Block Details
Block Size: 653 sqm | Block Type: Large Block | ||
Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
Precinct Code: 31 Scarlett Street, Melba ACT 2615 Precinct Code Download | Heritage: N/A | ||
Planning Assessment Report: PAR - 31 Scarlett Street, Melba ACT 2615 |
Suburb information
Median house price (2022): $1,455,000 | Median house rent (2022): $695 | ||
Suburb highest price (2022): $1,455,000 | Rental vacancy rate (2022): 0.55% | ||
Medium household income (Census 2021): 2326% | Income to rent ratio: 30% | ||
Download Suburb Profile: Profile - March 2023 |
Property Purchase Recommendation Summary
Recommend Purchase Price: $800,000 | Estimated Stamp Duty: $28,150 | ||
Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $828,150 |
Recommended Secondary Residence
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-256 | Approx Turnkey Build Cost inc GST: $240,000 | ||
Downloadable Brochure: Design Brochure - 256 | Download Proposal: PAP - 31 Scarlett Street, Melba ACT 2615 |
Potential Rental Income
Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $700 | ||
Potential Gross Weekly Rental Income of Recommended Design: $600 | Potential Combined Gross Weekly Income: $1,300 | ||
Potential Combined Gross Annual Income: $67,600 |
Financial Summary
Total Purchase and Build Investment: $1,068,150 | Potential Combined Gross Rental Annual Income: $67,600 | ||
Potential Gross % Return: 6% |
Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - [email protected]
- 0400 446 605