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: $675,000

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: 12/04/2023

  • Front View
  • Living Room With Sofa
  • Living Room With Mattress
  • Living Room With Chairs
  • Living Room With Mirror
  • Room With Refrigerator
  • Kitchen Room With Oven
  • Kitchen With Cooktop
  • Kitchen Room With Light
  • Bed Room With Fan
  • Bed Room With Light
  • Bed Room With Window
  • Room With Chair
  • Bath Room With Mirror
  • Outside Garden Area
  • Outside Garden Area
  • Outside Area With Trees
  • Outside Area With Grass
  • Floorplan

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):  $2,419

Income to Rent Ratio:  25%

Download Suburb Profile:  Banks 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

  • Side View
  • Front View
  • Side View
  • Front View
  • Aerial View
  • Furniture Floorplan
  • Floorplan
  • Elevations

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: 6.41% 

Get Help Securing This Opportunity:

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