Qualified Properties For Secondary Residence Potential
Potential Gross Return: 6.73%
Address: 6 Edwards Street, Higgins ACT 2615 | Block-Size: 677 sqm | ||
Block: 18 | Section: 28 | ||
Type: House | House/Building Size: TBC | ||
Bedrooms: 3 | Bathrooms: 1 | ||
Garaging/Car Spots: 1 | EER: 2.5 | ||
Unimproved Value (2022): $531,000 (2022) | UV Price Ratio: 75.86% | ||
Sales Method: Auction (2023-06-08) | Recommend Purchase Price: 700000 | ||
Rates Residential 2022: $17,480* | Land Tax Residential 2022: $4,095* | ||
Property Link: https://www.allhomes.com.au/6-edwards-street-higgins-act-2615 | Marketing Agent: Fleur Scheele | ||
Date Added: 10/05/23 |
Photos:
Block Details
Block Size: 677 sqm | Block Type: Large Block | ||
Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
Precinct Code: 6 Edwards Street, Higgins ACT 2615 Precinct Code Download | Heritage: N/A | ||
Planning Assessment Report: PAR - 6 Edwards Street, Higgins ACT 2615 |
Suburb information
Median house price (2022): $775,000 | Median house rent (2022): $620 | ||
Suburb highest price (2022): $900,000 | Rental vacancy rate (2022): 0.65% | ||
Medium household income (Census 2021): 2248% | Income to rent ratio: 28% | ||
Download Suburb Profile: Profile - May 2023 |
Property Purchase Recommendation Summary
Recommend Purchase Price: $700,000 | Estimated Stamp Duty: $23,040 | ||
Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $723,040 |
Recommended Secondary Residence
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-383 | Approx Turnkey Build Cost inc GST: $319,946 | ||
Downloadable Brochure: Design Brochure - 383 | Download Proposal: PAP - 6 Edwards Street, Higgins 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: $750 | Potential Combined Gross Weekly Income: $1,350 | ||
Potential Combined Gross Annual Income: $70,200 |
Financial Summary
Total Purchase and Build Investment: $1,042,986 | Potential Combined Gross Rental Annual Income: $70,200 | ||
Potential Gross % Return: 7% |
Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - [email protected]
- 0400 446 605