Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.62%

Address: 39 Pickworth Street Holt, ACT 2615 Block-Size: 682 sqm
Block: 9 Section: 17
Type: House House/Building Size: TBC
Bedrooms: 2 Bathrooms: 1
Garaging/Car Spots: 2 EER: 2.0
Unimproved Value (2022): $501,000 (2022) UV Price Ratio: 77.08%
Sales Method: $639,000 (Private Treaty) Recommend Purchase Price: 650000
Rates Residential 2022: $2,677* Land Tax Residential 2022: $4,010*
Property Link: https://zango.com.au/sale/39-pickworth-street-holt-act-2615-73324/ Marketing Agent: Nathan Wood and Marissa Ellison
Date Added: 08/02/23

Photos:

Block Details

Block Size: 682 sqm Block Type: Large Block
Zoning: RZ2: SUBURBAN CORE Frontage Approx:
Precinct Code: 39 Pickworth Street Holt, ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 39 Pickworth Street Holt, ACT 2615

 

Suburb information

Median house price (2022): $840,000 Median house rent (2022): $620
Suburb highest price (2022): $1,553,333 Rental vacancy rate (2022): 0.67%
Medium household income (Census 2021): 2223% Income to rent ratio: 28%
Download Suburb Profile: Profile - February 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $650,000 Estimated Stamp Duty: $20,880
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $670,880

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $350,000
Downloadable Brochure: Design Brochure - 384 Download Proposal:

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $550
Potential Gross Weekly Rental Income of Recommended Design: $750 Potential Combined Gross Weekly Income: $1,300
Potential Combined Gross Annual Income: $67,600

Financial Summary

Total Purchase and Build Investment: $1,020,880 Potential Combined Gross Rental Annual Income: $67,600
Potential Gross % Return: 7%

Get Help Securing This Opportunity

Share Opportunity:
Contact Us