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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.33%

Address: 72 Osburn Drive, MacGregor ACT 2615 Block-Size: 798 sqm
Block: 18 Section: 8
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 1.0
Unimproved Value: $444,000 (2022) UV Price Ratio: 57.29%
Sales Method: Auction (2023-07-08) Recommend Purchase Price: 775000
Rates Residential: $2,522* Land Tax Residential: $3,674*
Property Link: https://www.allhomes.com.au/72-osburn-drive-macgregor-act-2615 Marketing Agent: Jeremy Grobben
Date Added: 21/06/23

Photos:

Block Details

Block Size: 798 sqm Block Type: Large Block
Zoning: RZ2: SUBURBAN CORE Frontage Approx:
Precinct Code: 72 Osburn Drive, MacGregor ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 72 Osburn Drive, MacGregor ACT 2615

 

Suburb information

Median house price: 830000 Median house rent: 600
Suburb highest price: 1030000 Rental vacancy rate: 0.9
Medium household income (Census 2021): $2,344 Income to rent ratio: 26%
Download Suburb Profile: Profile - June 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $775,000 Estimated Stamp Duty: $26,675
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $801,675

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-150 Approx Turnkey Build Cost inc GST: $318,787
Downloadable Brochure: Design Brochure - 150 Download Proposal: PAP - 72 Osburn Drive, MacGregor ACT 2615

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $650
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,150
Potential Combined Gross Annual Income: $59,800

Financial Summary

Total Purchase and Build Investment: $1,120,460 Potential Combined Gross Rental Annual Income: $59,800
Potential Gross % Return: 5%

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