Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.82%

Address: 53 Ellerston Avenue, Isabella Plains ACT 2905 Block-Size: 653 sqm
Block: 12 Section: 829
Type: House House/Building Size: TBC
Bedrooms: 4 Bathrooms: 1
Garaging/Car Spots: 2 EER: 0.0
Unimproved Value (2022): $467,000 (2022) UV Price Ratio: 64.41%
Sales Method: $719,000 (Private Treaty) Recommend Purchase Price: 725000
Rates Residential 2022: $2,634* Land Tax Residential 2022: $3,915*
Property Link: https://www.allhomes.com.au/53-ellerston-avenue-isabella-plains-act-2905 Marketing Agent: Elie Aoun
Date Added: 07/06/23

Photos:

Block Details

Block Size: 653 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 53 Ellerston Avenue, Isabella Plains ACT 2905 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 53 Ellerston Avenue, Isabella Plains ACT 2905

 

Suburb information

Median house price (2022): $727,500 Median house rent (2022): $615
Suburb highest price (2022): $950,000 Rental vacancy rate (2022): 0.52%
Medium household income (Census 2021): 2131% Income to rent ratio: 29%
Download Suburb Profile: Profile - June 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $725,000 Estimated Stamp Duty: $24,120
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $749,120

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-212 Approx Turnkey Build Cost inc GST: $232,206
Downloadable Brochure: Design Brochure - 212 Download Proposal: PAP - 53 Ellerston Avenue, Isabella Plains ACT 2905

 

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: $981,326 Potential Combined Gross Rental Annual Income: $57,200
Potential Gross % Return: 6%

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