Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.74%

Address: 69 O'Halloran Circuit Kambah, ACT 2902 Block-Size: 771 sqm
Block: 18 Section: 245
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 3 EER: 2.5
Unimproved Value (2022): $496,000 (2022) UV Price Ratio: 66.58%
Sales Method: $745,000 (Private Treaty) Recommend Purchase Price: 745000
Rates Residential 2022: $2,737* Land Tax Residential 2022: $4,139*
Property Link: https://zango.com.au/sale/69-ohalloran-circuit-kambah-act-2902-73430/ Marketing Agent: Dan Cooper
Date Added: 15/03/23

Photos:

Block Details

Block Size: 771 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 69 O'Halloran Circuit Kambah, ACT 2902 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 69 O'Halloran Circuit Kambah, ACT 2902

 

Suburb information

Median house price (2022): $834,000 Median house rent (2022): $685
Suburb highest price (2022): $1,300,000 Rental vacancy rate (2022): 0.46%
Medium household income (Census 2021): 2207% Income to rent ratio: 31%
Download Suburb Profile: Profile - March 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $745,000 Estimated Stamp Duty: $24,984
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $769,984

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-160 Approx Turnkey Build Cost inc GST: $225,000
Downloadable Brochure: Design Brochure - 160 Download Proposal: PAP - 69 O'Halloran Circuit Kambah, ACT 2902

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,100
Potential Combined Gross Annual Income: $57,200

Financial Summary

Total Purchase and Build Investment: $994,984 Potential Combined Gross Rental Annual Income: $57,200
Potential Gross % Return: 6%

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