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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6/80 Emu Bank, Belconnen ACT
2617, Australia - info@buyersagentcanberra.com.au
- 0400 446 605