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: $800,000

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: 08/03/2023

  • Front View
  • Front Gallery
  • Living Room
  • Living Room 3
  • Bed Room
  • Bed Room 2
  • Bed Room 3
  • Bed Room 4
  • Bed Room 5
  • Bed Room 6
  • Bath Room 2
  • Common Room
  • Kitchen Room
  • Kitchen Room 2
  • Bath Room
  • Back Gallery View
  • Back Side Lawn
  • Aerial View
  • Floorplan

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

  • Aerial View
  • Block Diagram
  • Easement
  • Front View
  • Length Of Boundaries
  • Offset
  • Floorplan
  • Roofing Envelope
  • Upper Level Setback
  • Verge Distance

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):  $2,326

Income to Rent Ratio:  30%

Download Suburb Profile:  Melba 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: 6.32% 

Get Help Securing This Opportunity:

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