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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.14%

Address: 6 Higgerson Street, Holt ACT 2615 Block-Size: 716 sqm
Block: 3 Section: 11
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 1.5
Unimproved Value: $461,000 (2022) UV Price Ratio: 61.47%
Sales Method: $760,000 (Private Treaty) Recommend Purchase Price: 750000
Rates Residential: $2,522* Land Tax Residential: $3,674*
Property Link: https://www.allhomes.com.au/6-higgerson-street-holt-act-2615 Marketing Agent: Adrian Southern
Date Added: 08/03/23

Photos:

Block Details

Block Size: 716 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 6 Higgerson Street, Holt ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 6 Higgerson Street, Holt ACT 2615

 

Suburb information

Median house price: 840000 Median house rent: 620
Suburb highest price: 1553333 Rental vacancy rate: 0.51
Medium household income (Census 2021): $1,983 Income to rent ratio: 31%
Download Suburb Profile: Profile - March 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $750,000 Estimated Stamp Duty: $25,200
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $775,200

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-383 Approx Turnkey Build Cost inc GST: $325,000
Downloadable Brochure: Design Brochure - 383 Download Proposal: PAP - 6 Higgerson Street, Holt 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: $700 Potential Combined Gross Weekly Income: $1,300
Potential Combined Gross Annual Income: $67,600

Financial Summary

Total Purchase and Build Investment: $1,100,200 Potential Combined Gross Rental Annual Income: $67,600
Potential Gross % Return: 6%

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