Potential Gross Return: 5.98%
Address: 4 Colton Place, Downer, ACT 2602
Block-Size: 705 sqm
Block: 30
Section: 50
Type: House
House/Building Size: TBC
Bedrooms: 2
Bathrooms: 1
Garaging/Car Spots: 1
EER: 0.5
Unimproved Value (2022): $900,000 (2022)
UV Price Ratio: 100.00%
Sales Method: $900,000 (Private Treaty)
Recommend Purchase Price: $900,000
Rates Residential 2022: $4,221*
Land Tax Residential 2022: $7,148*
Property Link: https://www.realestate.com.au/property-house-act-downer-141421244
Marketing Agent: Stephen Bunday and Goran Stefanoski
Date Added: 14/03/2023
Block Details:
Block Size: 705 sqm
Block Type: Large Block
Zoning: RZ1: SUBURBAN
Frontage Approx:
Precinct Code: 4 Colton Place, Downer, ACT 2602 Precinct Code Download
Heritage: N/A
Planning Assessment Report: PAR - 4 Colton Place, Downer, ACT 2602
Suburb Information:
Median House Price (2022): $1,287,500
Median House Rent (2022): $670
Suburb Highest Price (2022): $2,055,000
Rental Vacancy Rate (2022): 1.30%
Medium Household Income (Census 2021): $2,267
Income to Rent Ratio: 30%
Download Suburb Profile: Downer Profile - March 2023
Property Purchase Recommendation Summary:
Recommend Purchase Price: $900,000
Estimated Stamp Duty: $34,050
Approx Legal and Building Report Costs: $3,000
Total Purchase Investment: $934,050
Recommended Secondary Residence:
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-383
Approx Turnkey Build Cost inc GST: $325,000
Downloadable Brochure: Design Brochure - 383
Download Proposal: PAP - 4 Colton Place, Downer, ACT 2602
Potential Rental Income:
Rental Income Stratgety:
Potential Gross Weekly Rental Income of Existing Property: $650
Potential Gross Weekly Rental Income of Recommended Design: $800
Potential Combined Gross Weekly Income: $1,450
Potential Combined Gross Annual Income: $75,400
Financial Summary:
Total Purchase and Build Investment: $1259050
Potential Combined Gross Rental Annual Income: $75,400
Potential Gross % Return: 5.98%
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