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%

Get Help Securing This Opportunity

Share Opportunity:
Contact Us