Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.87%

Address: 4 Lovegrove Place, Kambah ACT 2902 Block-Size: 780 sqm
Block: 4 Section: 425
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 3.4
Unimproved Value (2022): $500,000 (2022) UV Price Ratio: 66.67%
Sales Method: $765,000 (Private Treaty) Recommend Purchase Price: 750000
Rates Residential 2022: $2,697* Land Tax Residential 2022: $4,051*
Property Link: https://www.allhomes.com.au/4-lovegrove-place-kambah-act-2902 Marketing Agent: Steve Thomas
Date Added: 30/01/23

Photos:

Block Details

Block Size: 780 sqm Block Type: Large Block
Zoning: RZ2: SUBURBAN CORE Frontage Approx:
Precinct Code: 4 Lovegrove Place, Kambah ACT 2902 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 4 Lovegrove Place, Kambah ACT 2902

 

Suburb information

Median house price (2022): $875,000 Median house rent (2022): $685
Suburb highest price (2022): $1,700,000 Rental vacancy rate (2022): 0.38%
Medium household income (Census 2021): 2206% Income to rent ratio: 31%
Download Suburb Profile: Profile - January 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $750,000 Estimated Stamp Duty: $25,200
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $775,200

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-160 Approx Turnkey Build Cost inc GST: $220,000
Downloadable Brochure: Design Brochure - 160 Download Proposal: PAP - 4 Lovegrove Place, Kambah ACT 2902

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $525 Potential Combined Gross Weekly Income: $1,125
Potential Combined Gross Annual Income: $58,500

Financial Summary

Total Purchase and Build Investment: $995,200 Potential Combined Gross Rental Annual Income: $58,500
Potential Gross % Return: 6%

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