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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6%

Address: 48 Kingsmill Street, Kambah ACT 2902 Block-Size: 744 sqm
Block: 5 Section: 451
Type: House House/Building Size: TBC
Bedrooms: 4 Bathrooms: 1
Garaging/Car Spots: 3 EER: 2.0
Unimproved Value: $489,000 (2022) UV Price Ratio: 61.2%
Sales Method: $799,000 (Private Treaty) Recommend Purchase Price: 799000
Rates Residential: $2,655* Land Tax Residential: $3,962*
Property Link: https://zango.com.au/sale/48-kingsmill-street-kambah-act-2902-75733/ Marketing Agent: Dan Cooper
Date Added: 10/05/23

Photos:

Block Details

Block Size: 744 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 48 Kingsmill Street, Kambah ACT 2902 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 48 Kingsmill Street, Kambah ACT 2902

 

Suburb information

Median house price: 822500 Median house rent: 650
Suburb highest price: 1300000 Rental vacancy rate: 0.43
Medium household income (Census 2021): $2,207 Income to rent ratio: 29%
Download Suburb Profile: Profile - May 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $799,000 Estimated Stamp Duty: $28,091
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $827,091

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-161 Approx Turnkey Build Cost inc GST: $234,516
Downloadable Brochure: Design Brochure - 161 Download Proposal: PAP - 48 Kingsmill Street, Kambah ACT 2902

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $700
Potential Gross Weekly Rental Income of Recommended Design: $525 Potential Combined Gross Weekly Income: $1,225
Potential Combined Gross Annual Income: $63,700

Financial Summary

Total Purchase and Build Investment: $1,061,607 Potential Combined Gross Rental Annual Income: $63,700
Potential Gross % Return: 6%

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