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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.8%

Address: 69 Bennelong Crescent Macquarie, ACT 2614 Block-Size: 736 sqm
Block: 7 Section: 22
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 1.0
Unimproved Value: $761,000 (2022) UV Price Ratio: 95.13%
Sales Method: $795,000 (Private Treaty) Recommend Purchase Price: 800000
Rates Residential: $3,609* Land Tax Residential: $5,940*
Property Link: https://zango.com.au/sale/69-bennelong-crescent-macquarie-act-2614-73187/ Marketing Agent: Troy Thompson and Olivia Fairweather
Date Added: 08/02/23

Photos:

Block Details

Block Size: 736 sqm Block Type: Large Block
Zoning: RZ2: SUBURBAN CORE Frontage Approx:
Precinct Code: 69 Bennelong Crescent Macquarie, ACT 2614 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 69 Bennelong Crescent Macquarie, ACT 2614

 

Suburb information

Median house price: 1095000 Median house rent: 730
Suburb highest price: 1637000 Rental vacancy rate: 0.6
Medium household income (Census 2021): $1,947 Income to rent ratio: 37%
Download Suburb Profile: Profile - February 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $800,000 Estimated Stamp Duty: $28,150
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $828,150

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-488 Approx Turnkey Build Cost inc GST: $375,000
Downloadable Brochure: Design Brochure - 488 Download Proposal:

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $575
Potential Gross Weekly Rental Income of Recommended Design: $1,000 Potential Combined Gross Weekly Income: $1,575
Potential Combined Gross Annual Income: $81,900

Financial Summary

Total Purchase and Build Investment: $1,203,150 Potential Combined Gross Rental Annual Income: $81,900
Potential Gross % Return: 7%

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