Potential Gross Return: 5.82%

Address: 8 Foley Place, Holt ACT 2615

Block-Size: 704 sqm

Block: 10

Section: 44

Type: House

House/Building Size: TBC

Bedrooms: 3

Bathrooms: 2

Garaging/Car Spots: 2

EER:

Unimproved Value (2022): $501,000 (2022)

UV Price Ratio: 69.1%

Sales Method: Private Treaty

Recommend Purchase Price: $725,000

Rates Residential 2022: $2,677*

Land Tax Residential 2022: $4,010*

Property Link: https://www.realestate.com.au/property/8-foley-pl-holt-act-2615

Marketing Agent: Sandra Masters and Jeremy Julian

Date Added: 29/12/2022

Block Details:

Block Size: 704 sqm

Block Type: Large Block

Zoning: RZ1: SUBURBAN

Frontage Approx:

Precinct Code: 8 Foley Place, Holt ACT 2615 Precinct Code Download

Heritage: N/A

Planning Assessment Report: PAR - 8 Foley Place, Holt ACT 2615

Suburb information:

Median house price (2022): $850,000.00

Median house rent (2022): $620

Suburb highest price (2022): $1,400,000

Rental vacancy rate (2022): 0.67%

Medium household income (Census 2021): $1,983

Income to rent ratio: 31%

Download Suburb Profile: Profile - December 2022

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-124

Approx Turnkey Build Cost inc GST: $210,000

Downloadable Brochure: Design Brochure - 124

Download Proposal: PAP- 8 Foley Place, Holt ACT 2615

Potential Rental Income:

Rental Income Stratgety:

Potential Gross Weekly Rental Income of Existing Property: $600

Potential Gross Weekly Rental Income of Recommended Design: $475

Potential Combined Gross Weekly Income: $1,075

Potential Combined Gross Annual Income: $55,900

Financial Summary:

Total Purchase and Build Investment: $959,120.00

Potential Combined Gross Rental Annual Income: $55,900

Potential Gross % Return: 6.00%

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