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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.4%

Address: 80 Harry Hopman Circuit, Gordon ACT 2906 Block-Size: 714 sqm
Block: 8 Section: 551
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 5.0
Unimproved Value: 448,000 (2024) UV Price Ratio: 68.39%
Sales Method: $650,000+ Recommend Purchase Price: 655000
Rates Residential: 2,738* Land Tax Residential: 4,695*
Property Link: https://www.realestate.com.au/property-house-act-gordon-147439928 Marketing Agent: Kaine Walters
Date Added: 02/04/25

Photos:

Block Details

Block Size: 714 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 80 Harry Hopman Circuit, Gordon ACT 2906 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 80 Harry Hopman Circuit, Gordon ACT 2906

 

Suburb information

Median house price: 848750 Median house rent: 620
Suburb highest price: 960000 Rental vacancy rate: 0.43
Medium household income (Census 2021): $2,321 Income to rent ratio: 27%
Download Suburb Profile: Profile - April 2025

Property Purchase Recommendation Summary

Recommend Purchase Price: $655,000 Estimated Stamp Duty: $18,096
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $673,096

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-267 Approx Turnkey Build Cost inc GST: $218,503
Downloadable Brochure: Design Brochure - 267 Download Proposal: PAP - 80 Harry Hopman Circuit, Gordon ACT 2906

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $625
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,125
Potential Combined Gross Annual Income: $58,500

Financial Summary

Total Purchase and Build Investment: $257,487 Potential Combined Gross Rental Annual Income: $58,500
Potential Gross % Return: 6.4%

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