Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.32%

Address: 6 Mcilveen Place, Oxley ACT 2903 Block-Size: 712 sqm
Block: 4 Section: 28
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 3.5
Unimproved Value (2022): $500,000 (2022) UV Price Ratio: 67.66%
Sales Method: $739,000 (Private Treaty) Recommend Purchase Price: 739000
Rates Residential 2022: $2,699* Land Tax Residential 2022: $3,856*
Property Link: https://zango.com.au/sale/6-mcilveen-place-oxley-act-2903-79237/ Marketing Agent: Symon Badenoch and Lucia Marzano
Date Added: 26/10/24

Photos:

Block Details

Block Size: 712 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 6 Mcilveen Place, Oxley ACT 2903 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 6 Mcilveen Place, Oxley ACT 2903

 

Suburb information

Median house price (2022): $759,000 Median house rent (2022): $740
Suburb highest price (2022): $1,230,000 Rental vacancy rate (2022): 0.15%
Medium household income (Census 2021): 2393% Income to rent ratio: 31%
Download Suburb Profile: Profile - October 2024

Property Purchase Recommendation Summary

Recommend Purchase Price: $739,000 Estimated Stamp Duty: $24,725
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $763,725

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $345,681
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 6 Mcilveen Place, Oxley ACT 2903

 

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: $1,109,410 Potential Combined Gross Rental Annual Income: $70,200
Potential Gross % Return: 6%

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