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: $820,000

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: 11/07/2023

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):  $2,206

Income to Rent Ratio:  31%

Download Suburb Profile:  Stirling 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: 7.1% 

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