Qualified Properties For Secondary Residence Potential
Potential Gross Return: 7.02%
Address: 7 Mentha Place, Rivett ACT 2611 | Block-Size: 734 sqm | ||
Block: 4 | Section: 52 | ||
Type: House | House/Building Size: TBC | ||
Bedrooms: 3 | Bathrooms: 1 | ||
Garaging/Car Spots: 1 | EER: 2.0 | ||
Unimproved Value (2022): $666,000 (2022) | UV Price Ratio: 91.86% | ||
Sales Method: Private Treaty | Recommend Purchase Price: 725000 | ||
Rates Residential 2022: $3,151* | Land Tax Residential 2022: $5,029* | ||
Property Link: https://www.allhomes.com.au/7-mentha-place-rivett-act-2611 | Marketing Agent: Jess Doolan and Jess Smith | ||
Date Added: 22/11/24 |
Photos:
Block Details
Block Size: 734 sqm | Block Type: Large Block | ||
Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
Precinct Code: 7 Mentha Place, Rivett ACT 2611 Precinct Code Download | Heritage: N/A | ||
Planning Assessment Report: PAR - 7 Mentha Place, Rivett ACT 2611 |
Suburb information
Median house price (2022): $962,500 | Median house rent (2022): $690 | ||
Suburb highest price (2022): $1,750,000 | Rental vacancy rate (2022): 0.29% | ||
Medium household income (Census 2021): 2207% | Income to rent ratio: 31% | ||
Download Suburb Profile: Profile - November 2024 |
Property Purchase Recommendation Summary
Recommend Purchase Price: $725,000 | Estimated Stamp Duty: $24,120 | ||
Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $749,120 |
Recommended Secondary Residence
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-160 | Approx Turnkey Build Cost inc GST: $205,000 | ||
Downloadable Brochure: Design Brochure - 160 | Download Proposal: PAP - 7 Mentha Place, Rivett ACT 2611 |
Potential Rental Income
Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $600 | ||
Potential Gross Weekly Rental Income of Recommended Design: $690 | Potential Combined Gross Weekly Income: $1,289 | ||
Potential Combined Gross Annual Income: $67,028 |
Financial Summary
Total Purchase and Build Investment: $954,120 | Potential Combined Gross Rental Annual Income: $67,028 | ||
Potential Gross % Return: 7% |
Contact Us
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6/80 Emu Bank, Belconnen ACT
2617, Australia - [email protected]
- 0400 446 605