Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.05%

Address: 74 Tepper Circuit, Kambah ACT 2902 Block-Size: 604 sqm
Block: 12 Section: 106
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: EER: 1.5
Unimproved Value (2022): $487,000 (2022) UV Price Ratio: 71.62%
Sales Method: Private Treaty Recommend Purchase Price: 680000
Rates Residential 2022: $2,671* Land Tax Residential 2022: $3,996*
Property Link: https://www.allhomes.com.au/74-tepper-circuit-kambah-act-2902 Marketing Agent: Tony Trpeski and Lisa Quick
Date Added: 20/10/22

Photos:

Block Details

Block Size: 604 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 74 Tepper Circuit, Kambah ACT 2902 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 74 Tepper Circuit, Kambah ACT 2902

 

Suburb information

Median house price (2022): $896,250 Median house rent (2022): $685
Suburb highest price (2022): $1,630,000 Rental vacancy rate (2022): 0.32%
Medium household income (Census 2021): 2207% Income to rent ratio: 31%
Download Suburb Profile: Profile - October 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $680,000 Estimated Stamp Duty: $22,176
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $702,176

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-160 Approx Turnkey Build Cost inc GST: $200,000
Downloadable Brochure: Design Brochure - 160 Download Proposal: PAP - 74 Tepper Circuit, Kambah ACT 2902

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $550
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,050
Potential Combined Gross Annual Income: $54,600

Financial Summary

Total Purchase and Build Investment: $902,176 Potential Combined Gross Rental Annual Income: $54,600
Potential Gross % Return: 6%

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