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% |
Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - [email protected]
- 0400 446 605