Qualified Properties For Secondary Residence Potential
Potential Gross Return: 6.49%
| Address: 45 Hinkler Street, Scullin ACT 2614 | Block-Size: 1440 sqm | ||
| Block: 8 | Section: 37 | ||
| Type: House | House/Building Size: TBC | ||
| Bedrooms: 6 | Bathrooms: 2 | ||
| Garaging/Car Spots: 2 | EER: 3.0 | ||
| Unimproved Value (2022): $646,000 (2022) | UV Price Ratio: 68% | ||
| Sales Method: Auction (2023-05-06) | Recommend Purchase Price: 950000 | ||
| Rates Residential 2022: $3,303* | Land Tax Residential 2022: $5,331* | ||
| Property Link: https://www.allhomes.com.au/45-hinkler-street-scullin-act-2614 | Marketing Agent: Nick Purnell and Sam Werry | ||
| Date Added: 19/04/23 |
Photos:
Block Details
| Block Size: 1440 sqm | Block Type: Large Block | ||
| Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
| Precinct Code: 45 Hinkler Street, Scullin ACT 2614 Precinct Code Download | Heritage: N/A | ||
| Planning Assessment Report: PAR - 45 Hinkler Street, Scullin ACT 2614 |
Suburb information
| Median house price (2022): $823,000 | Median house rent (2022): $650 | ||
| Suburb highest price (2022): $823,000 | Rental vacancy rate (2022): 0.85% | ||
| Medium household income (Census 2021): 2025% | Income to rent ratio: 32% | ||
| Download Suburb Profile: Profile - April 2023 |
Property Purchase Recommendation Summary
| Recommend Purchase Price: $950,000 | Estimated Stamp Duty: $37,000 | ||
| Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $987,000 |
Recommended Secondary Residence
| Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-238 | Approx Turnkey Build Cost inc GST: $253,655 | ||
| Downloadable Brochure: Design Brochure - 238 | Download Proposal: PAP - 45 Hinkler Street, Scullin ACT 2614 |
Potential Rental Income
| Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $1,000 | ||
| Potential Gross Weekly Rental Income of Recommended Design: $550 | Potential Combined Gross Weekly Income: $1,550 | ||
| Potential Combined Gross Annual Income: $80,600 |
Financial Summary
| Total Purchase and Build Investment: $1,240,660 | Potential Combined Gross Rental Annual Income: $80,600 | ||
| Potential Gross % Return: 6% |
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