Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.8%

Address: 8 Kambalda Crescent, Fisher ACT 2611 Block-Size: 752 sqm
Block: 15 Section: 35
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 5 EER: 1.0
Unimproved Value (2022): $731,000 (2022) UV Price Ratio: 97.47%
Sales Method: $760,000 (Private Treaty) Recommend Purchase Price: 750000
Rates Residential 2022: $3,247* Land Tax Residential 2022: $5,219*
Property Link: https://www.allhomes.com.au/8-kambalda-crescent-fisher-act-2611 Marketing Agent: Sandy Morris
Date Added: 29/12/22

Photos:

Block Details

Block Size: 752 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 8 Kambalda Crescent, Fisher ACT 2611 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 8 Kambalda Crescent, Fisher ACT 2611

 

Suburb information

Median house price (2022): $1,075,000 Median house rent (2022): $750
Suburb highest price (2022): $1,650,000 Rental vacancy rate (2022): 0.38%
Medium household income (Census 2021): 2275% Income to rent ratio: 33%
Download Suburb Profile: Profile - December 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $750,000 Estimated Stamp Duty: $25,200
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $775,200

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 Kambalda Crescent, Fisher ACT 2611

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,100
Potential Combined Gross Annual Income: $57,200

Financial Summary

Total Purchase and Build Investment: $985,200 Potential Combined Gross Rental Annual Income: $57,200
Potential Gross % Return: 6%

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