Qualified Properties For Secondary Residence Potential

Potential Gross Return: 7.1%

Address: 58 Fremantle Drive, Stirling ACT 2611 Block-Size: 811 sqm
Block: 8 Section: 12
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 4.5
Unimproved Value (2022): $659,000 (2022) UV Price Ratio: 80.37%
Sales Method: Auction (2023-07-08) Recommend Purchase Price: 820000
Rates Residential 2022: $2,986* Land Tax Residential 2022: $4,677*
Property Link: https://www.allhomes.com.au/58-fremantle-drive-stirling-act-2611 Marketing Agent: Paul Laughton
Date Added: 11/07/23

Photos:

Block Details

Block Size: 811 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 58 Fremantle Drive, Stirling ACT 2611 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 58 Fremantle Drive, Stirling ACT 2611

 

Suburb information

Median house price (2022): $1,100,000 Median house rent (2022): $688
Suburb highest price (2022): $1,320,000 Rental vacancy rate (2022): 0.72%
Medium household income (Census 2021): 2206% Income to rent ratio: 31%
Download Suburb Profile: Profile - July 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $820,000 Estimated Stamp Duty: $29,330
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $849,330

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-488 Approx Turnkey Build Cost inc GST: $358,150
Downloadable Brochure: Design Brochure - 488 Download Proposal: PAP - 58 Fremantle Drive, Stirling ACT 2611

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $650
Potential Gross Weekly Rental Income of Recommended Design: $1,000 Potential Combined Gross Weekly Income: $1,650
Potential Combined Gross Annual Income: $85,800

Financial Summary

Total Purchase and Build Investment: $1,207,480 Potential Combined Gross Rental Annual Income: $85,800
Potential Gross % Return: 7%

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