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: 0

EER: 2.5

Unimproved Value (2022): $531,000 (2022)

UV Price Ratio: 75.86%

Sales Method: Auction (2023-06-08)

Recommend Purchase Price: $700,000

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: 23/05/2023

  • Front View
  • Living Room With Window
  • Living Room 2
  • Outer View

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):  $2,248

Income to Rent Ratio:  28%

Download Suburb Profile:  Higgins 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: 6.73% 

Get Help Securing This Opportunity:

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