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 (2022): $420,000 (2022) | UV Price Ratio: 62.22% | ||
Sales Method: $685,000 (Private Treaty) | Recommend Purchase Price: 675000 | ||
Rates Residential 2022: $2,366* | Land Tax Residential 2022: $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 (2022): $970,000 | Median house rent (2022): $595 | ||
Suburb highest price (2022): $970,000 | Rental vacancy rate (2022): 0.27% | ||
Medium household income (Census 2021): 2419% | 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% |
Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - [email protected]
- 0400 446 605