Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.65%

Address: 6 Fawsitt Place, Florey ACT 2615 Block-Size: 642 sqm
Block: 7 Section: 120
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: EER: 1.5
Unimproved Value (2022): $577,000 (2022) UV Price Ratio: 74.45%
Sales Method: Private Treaty Recommend Purchase Price: 775000
Rates Residential 2022: $2,838* Land Tax Residential 2022: $4,357*
Property Link: https://www.allhomes.com.au/6-fawsitt-place-florey-act-2615 Marketing Agent: Chris Churchill
Date Added: 20/08/22

Photos:

Block Details

Block Size: 642 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 6 Fawsitt Place, Florey ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 6 Fawsitt Place, Florey ACT 2615

 

Suburb information

Median house price (2022): $1,082,000 Median house rent (2022): $623
Suburb highest price (2022): $1,530,000 Rental vacancy rate (2022): 0.86%
Medium household income (Census 2021): 2082% Income to rent ratio: 30%
Download Suburb Profile: Profile - August 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $775,000 Estimated Stamp Duty: $26,675
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $801,675

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-124 Approx Turnkey Build Cost inc GST: $19,000
Downloadable Brochure: Design Brochure - 124 Download Proposal: PAP - 6 Fawsitt Place, Florey ACT 2615

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $550
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,050
Potential Combined Gross Annual Income: $54,600

Financial Summary

Total Purchase and Build Investment: $820,675 Potential Combined Gross Rental Annual Income: $54,600
Potential Gross % Return: 7%

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