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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.48%

Address: 4 Montagu Place, Evatt ACT 2617 Block-Size: 546 sqm
Block: 20 Section: 85
Type: House House/Building Size: TBC
Bedrooms: 2 Bathrooms: 1
Garaging/Car Spots: 1 EER:
Unimproved Value: $474,000 (2022) UV Price Ratio: 69.71%
Sales Method: $680,000 (Private Treaty) Recommend Purchase Price: 680000
Rates Residential: $2,510* Land Tax Residential: $3,647*
Property Link: https://www.allhomes.com.au/4-montagu-place-evatt-act-2617 Marketing Agent: Richard King
Date Added: 31/12/22

Photos:

Block Details

Block Size: 546 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 4 Montagu Place, Evatt ACT 2617 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 4 Montagu Place, Evatt ACT 2617

 

Suburb information

Median house price: 880000 Median house rent: 650
Suburb highest price: 1385000 Rental vacancy rate: 0.53
Medium household income (Census 2021): $2,428 Income to rent ratio: 27%
Download Suburb Profile: Profile - December 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $680,000 Estimated Stamp Duty: $22,176
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $702,176

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-161 Approx Turnkey Build Cost inc GST: $220,000
Downloadable Brochure: Design Brochure - 161 Download Proposal: PAP - 4 Montagu Place, Evatt ACT 2617

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,150
Potential Combined Gross Annual Income: $59,800

Financial Summary

Total Purchase and Build Investment: $922,176 Potential Combined Gross Rental Annual Income: $59,800
Potential Gross % Return: 648%

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