Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.48%

Address: 40 Bissenberger Crescent, Kambah ACT 2902 Block-Size: 966 sqm
Block: 3 Section: 404
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: EER: 0.5
Unimproved Value (2022): $537,000 (2022) UV Price Ratio: 76.71%
Sales Method: $700,000 (Private Treaty) Recommend Purchase Price: 700000
Rates Residential 2022: $2,834* Land Tax Residential 2022: $4,350*
Property Link: https://www.allhomes.com.au/40-bissenberger-crescent-kambah-act-2902 Marketing Agent: Zac Morris and Tahlia Morris
Date Added: 01/03/23

Photos:

Block Details

Block Size: 966 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 40 Bissenberger Crescent, Kambah ACT 2902 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 40 Bissenberger Crescent, Kambah ACT 2902

 

Suburb information

Median house price (2022): $800,000 Median house rent (2022): $685
Suburb highest price (2022): $1,125,000 Rental vacancy rate (2022): 0.46%
Medium household income (Census 2021): 2207% Income to rent ratio: 31%
Download Suburb Profile: Profile - March 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $700,000 Estimated Stamp Duty: $23,040
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $723,040

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-383 Approx Turnkey Build Cost inc GST: $320,000
Downloadable Brochure: Design Brochure - 383 Download Proposal: PAP - 40 Bissenberger Crescent, Kambah ACT 2902

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $550
Potential Gross Weekly Rental Income of Recommended Design: $750 Potential Combined Gross Weekly Income: $1,300
Potential Combined Gross Annual Income: $67,600

Financial Summary

Total Purchase and Build Investment: $1,043,040 Potential Combined Gross Rental Annual Income: $67,600
Potential Gross % Return: 6%

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