Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.14%

Address: 339 Southern Cross Drive, Holt, ACT 2615 Block-Size: 706 sqm
Block: 7 Section: 5
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 0.5
Unimproved Value (2022): $439,000 (2022) UV Price Ratio: 62.71%
Sales Method: Auction (2023-02-04) Recommend Purchase Price: 700000
Rates Residential 2022: $2,443* Land Tax Residential 2022: $3,503*
Property Link: https://www.realestate.com.au/property-house-act-holt-140673231 Marketing Agent: Nathan Wood and Marissa Ellison
Date Added: 30/12/22

Photos:

Block Details

Block Size: 706 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 339 Southern Cross Drive, Holt, ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 339 Southern Cross Drive, Holt, ACT 2615

 

Suburb information

Median house price (2022): $845,000 Median house rent (2022): $620
Suburb highest price (2022): $1,400,000 Rental vacancy rate (2022): 0.67%
Medium household income (Census 2021): 1983% Income to rent ratio: 31%
Download Suburb Profile: Profile - December 2022

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-262 Approx Turnkey Build Cost inc GST: $250,000
Downloadable Brochure: Design Brochure - 262 Download Proposal: PAP - 339 Southern Cross Drive, Holt, ACT 2615

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $550 Potential Combined Gross Weekly Income: $1,150
Potential Combined Gross Annual Income: $59,800

Financial Summary

Total Purchase and Build Investment: $973,040 Potential Combined Gross Rental Annual Income: $59,800
Potential Gross % Return: 6%

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