Call 7 days: 0400 446 605 Email: info@buyersagentcanberra.com.au

Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.41%

Address: 40 Abercrombie Circuit, Banks ACT 2906 Block-Size: 509 sqm
Block: 21 Section: 3
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 2.5
Unimproved Value: $420,000 (2022) UV Price Ratio: 62.22%
Sales Method: $685,000 (Private Treaty) Recommend Purchase Price: 675000
Rates Residential: $2,366* Land Tax Residential: $3,182*
Property Link: https://zango.com.au/sale/40-abercrombie-circuit-banks-act-2906-75810/ Marketing Agent: Colin Blunden
Date Added: 12/04/23

Photos:

Block Details

Block Size: 509 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 40 Abercrombie Circuit, Banks ACT 2906 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 40 Abercrombie Circuit, Banks ACT 2906

Suburb information

Median house price: 970000 Median house rent: 595
Suburb highest price: 970000 Rental vacancy rate: 0.27
Medium household income (Census 2021): $2,419 Income to rent ratio: 25%
Download Suburb Profile: Profile - April 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $675,000 Estimated Stamp Duty: $21,960
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $696,960

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-212 Approx Turnkey Build Cost inc GST: $235,000
Downloadable Brochure: Design Brochure - 212 Download Proposal: PAP - 40 Abercrombie Circuit, Banks ACT 2906

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $550
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: $931,960 Potential Combined Gross Rental Annual Income: $59,800
Potential Gross % Return: 6%

Get Help Securing This Opportunity

Share Opportunity:
Contact Us