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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.63%

Address: 8 Barcoo Place, Kaleen ACT 2617 Block-Size: 758 sqm
Block: 21 Section: 19
Type: House House/Building Size: TBC
Bedrooms: 4 Bathrooms: 2
Garaging/Car Spots: 2 EER: 4.0
Unimproved Value: $664,000 (2022) UV Price Ratio: 73.78%
Sales Method: $900,000 (Private Treaty) Recommend Purchase Price: 900000
Rates Residential: $3,342* Land Tax Residential: $5,410*
Property Link: https://www.allhomes.com.au/8-barcoo-place-kaleen-act-2617 Marketing Agent: Jason El-Khoury and Mark Larmer And Aaron Lewis
Date Added: 11/07/23

Photos:

Block Details

Block Size: 758 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 8 Barcoo Place, Kaleen ACT 2617 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 8 Barcoo Place, Kaleen ACT 2617

 

Suburb information

Median house price: 1017500 Median house rent: 650
Suburb highest price: 1800000 Rental vacancy rate: 0.63
Medium household income (Census 2021): $2,336 Income to rent ratio: 28%
Download Suburb Profile: Profile - July 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $900,000 Estimated Stamp Duty: $34,050
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $934,050

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-383 Approx Turnkey Build Cost inc GST: $319,946
Downloadable Brochure: Design Brochure - 383 Download Proposal: PAP - 8 Barcoo Place, Kaleen ACT 2617

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $800
Potential Gross Weekly Rental Income of Recommended Design: $800 Potential Combined Gross Weekly Income: $1,600
Potential Combined Gross Annual Income: $83,200

Financial Summary

Total Purchase and Build Investment: $1,253,996 Potential Combined Gross Rental Annual Income: $83,200
Potential Gross % Return: 7%

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