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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.57%

Address: 34 Wolff Crescent, Latham, ACT 2615 Block-Size: 1077 sqm
Block: 7 Section: 118
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 3.0
Unimproved Value: $465,000 (2022) UV Price Ratio: 60%
Sales Method: Private Treaty Recommend Purchase Price: 775000
Rates Residential: $2,688* Land Tax Residential: $4,032*
Property Link: https://www.realestate.com.au/property-house-act-latham-139753959 Marketing Agent: Stacey Otero and Michael Braddon
Date Added: 22/11/24

Photos:

Block Details

Block Size: 1077 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 34 Wolff Crescent, Latham, ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 34 Wolff Crescent, Latham, ACT 2615

Suburb information

Median house price: 835000 Median house rent: 650
Suburb highest price: 1200000 Rental vacancy rate: 0.4
Medium household income (Census 2021): $2,125 Income to rent ratio: 31%
Download Suburb Profile: Profile - November 2024

Property Purchase Recommendation Summary

Recommend Purchase Price: $775,000 Estimated Stamp Duty: $26,675
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $801,675

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $317,500
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 34 Wolff Crescent, Latham, ACT 2615

 

Potential Rental Income

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

Financial Summary

Total Purchase and Build Investment: $119,183 Potential Combined Gross Rental Annual Income: $62,400
Potential Gross % Return: 6%

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