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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.61%

Address: 5 McArthur Place, Latham ACT 2615 Block-Size: 868 sqm
Block: 6 Section: 108
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER:
Unimproved Value: $423,000 (2022) UV Price Ratio: 54.58%
Sales Method: Private Treaty Recommend Purchase Price: 775000
Rates Residential: $2,502* Land Tax Residential: $3,631*
Property Link: https://zango.com.au/sale/5-mcarthur-place-latham-act-2615-80866/ Marketing Agent: Sandra Masters and Hannah Green
Date Added: 14/06/23

Photos:

Block Details

Block Size: 868 sqm Block Type: Large Block
Zoning: RZ2: SUBURBAN CORE Frontage Approx:
Precinct Code: 5 McArthur Place, Latham ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 5 McArthur Place, Latham ACT 2615

 

Suburb information

Median house price: 760000 Median house rent: 560
Suburb highest price: 1235000 Rental vacancy rate: 0.27
Medium household income (Census 2021): $2,125 Income to rent ratio: 26%
Download Suburb Profile: Profile - June 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $775,000 Estimated Stamp Duty: $26,675
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $801,675

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-124 Approx Turnkey Build Cost inc GST: $216,259
Downloadable Brochure: Design Brochure - 124 Download Proposal: PAP - 5 McArthur Place, Latham ACT 2615

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,100
Potential Combined Gross Annual Income: $57,200

Financial Summary

Total Purchase and Build Investment: $1,017,930 Potential Combined Gross Rental Annual Income: $57,200
Potential Gross % Return: 6%

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