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Qualified Properties For Secondary Residence Potential

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: $501,000 (2022) UV Price Ratio: 69.1%
Sales Method: Private Treaty Recommend Purchase Price: 725000
Rates Residential: $2,677* Land Tax Residential: $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: 29/12/22

Photos:

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: 850000 Median house rent: 620
Suburb highest price: 1400000 Rental vacancy rate: 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 Potential Combined Gross Rental Annual Income: $55,900
Potential Gross % Return: 6%

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