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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.78%

Address: 50 Bradfield Street, Downer ACT 2602 Block-Size: 1018 sqm
Block: 18 Section: 68
Type: House House/Building Size: TBC
Bedrooms: 4 Bathrooms: 2
Garaging/Car Spots: 1 EER:
Unimproved Value: $1,020,000 (2022) UV Price Ratio: 97.14%
Sales Method: $1,180,000 (Private Treaty) Recommend Purchase Price: 1050000
Rates Residential: $4,677* Land Tax Residential: $8,039*
Property Link: https://www.allhomes.com.au/50-bradfield-street-downer-act-2602 Marketing Agent: Craig Bright and Carly Hutch
Date Added: 11/01/23

Photos:

Block Details

Block Size: 1018 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 50 Bradfield Street, Downer ACT 2602 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 50 Bradfield Street, Downer ACT 2602

 

Suburb information

Median house price: 1300000 Median house rent: 670
Suburb highest price: 2055000 Rental vacancy rate: 1.08
Medium household income (Census 2021): $2,267 Income to rent ratio: 30%
Download Suburb Profile: Profile - January 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $1,050,000 Estimated Stamp Duty: $43,150
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $1,093,150

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $345,000
Downloadable Brochure: Design Brochure - 384 Download Proposal:

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $800
Potential Gross Weekly Rental Income of Recommended Design: $800 Potential Combined Gross Weekly Income: $1,600
Potential Combined Gross Annual Income: $83,200

Financial Summary

Total Purchase and Build Investment: $1,438,150 Potential Combined Gross Rental Annual Income: $83,200
Potential Gross % Return: 6%

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