Qualified Properties For Secondary Residence Potential
Potential Gross Return: 7.5%
| Address: 4 Fern Place, Banks ACT 2906 | Block-Size: 747 sqm | ||
| Block: 33 | Section: 8 | ||
| Type: House | House/Building Size: TBC | ||
| Bedrooms: 3 | Bathrooms: 1 | ||
| Garaging/Car Spots: | EER: 2.5 | ||
| Unimproved Value: 464,000 | UV Price Ratio: 63.56% | ||
| Sales Method: $730,000+ | Recommend Purchase Price: 730000 | ||
| Rates Residential: $2,826* | Land Tax Residential: $20,601* | ||
| Property Link: https://www.allhomes.com.au/4-fern-place-banks-act-2906 | Marketing Agent: Sally McCallum & Andrew Curren | ||
| Date Added: 24/07/25 |
Photos:
Block Details
| Block Size: 747 sqm | Block Type: Large Block | ||
| Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
| Precinct Code: 4 Fern Place, Banks ACT 2906 Precinct Code Download | Heritage: N/A | ||
| Planning Assessment Report: PAR - 4 Fern Place, Banks ACT 2906 |
Suburb information
| Median house price: $750,000 | Median house rent: 650 | ||
| Suburb highest price: $1,600,000 | Rental vacancy rate: 0.22% | ||
| Medium household income (Census 2021): $2,419 | Income to rent ratio: 3.7% | ||
| Download Suburb Profile: Profile - July 2025 |
Property Purchase Recommendation Summary
| Recommend Purchase Price: $730,000 | Estimated Stamp Duty: $21,336 | ||
| Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $751,336 |
Recommended Secondary Residence
| Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-256 | Approx Turnkey Build Cost inc GST: $211,306 | ||
| Downloadable Brochure: Design Brochure - 256 | Download Proposal: PAP - 4 Fern Place, Banks ACT 2906 |
Potential Rental Income
| Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $765 | ||
| Potential Gross Weekly Rental Income of Recommended Design: $665 | Potential Combined Gross Weekly Income: $1,430 | ||
| Potential Combined Gross Annual Income: $74,360 |
Financial Summary
| Total Purchase and Build Investment: $251,053 | Potential Combined Gross Rental Annual Income: $74,360 | ||
| Potential Gross % Return: 7.5% |
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Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - info@buyersagentcanberra.com.au
- 0400 446 605