Qualified Properties For Secondary Residence Potential
Potential Gross Return: 5.5%
| Address: 87 Copland Drive, Melba ACT 2615 | Block-Size: 911 sqm | ||
| Block: 25 | Section: 23 | ||
| Type: House | House/Building Size: TBC | ||
| Bedrooms: 4 | Bathrooms: 2 | ||
| Garaging/Car Spots: 2 | EER: 0.5 | ||
| Unimproved Value (2022): 564,000 | UV Price Ratio: 62.66% | ||
| Sales Method: 900,000+ | Recommend Purchase Price: 900000 | ||
| Rates Residential 2022: $3,131* | Land Tax Residential 2022: $5,739* | ||
| Property Link: https://www.realestate.com.au/property-house-act-melba-148150576 | Marketing Agent: Moira Maloney | ||
| Date Added: 05/06/25 |
Photos:
Block Details
| Block Size: 911 sqm | Block Type: Large Block | ||
| Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
| Precinct Code: 87 Copland Drive, Melba ACT 2615 Precinct Code Download | Heritage: N/A | ||
| Planning Assessment Report: PAR - 87 Copland Drive, Melba ACT 2615 |
Suburb information
| Median house price (2022): $1,033,000 | Median house rent (2022): $710 | ||
| Suburb highest price (2022): $1,670,000 | Rental vacancy rate (2022): 0.54% | ||
| Medium household income (Census 2021): $2,326 | Income to rent ratio: 3.27% | ||
| Download Suburb Profile: Profile - June 2025 |
Property Purchase Recommendation Summary
| Recommend Purchase Price: $900,000 | Estimated Stamp Duty: $31,050 | ||
| Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $931,050 |
Recommended Secondary Residence
| Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-214 | Approx Turnkey Build Cost inc GST: $219,725 | ||
| Downloadable Brochure: Design Brochure - 214 | Download Proposal: PAP - 87 Copland Drive, Melba ACT 2615 |
Potential Rental Income
| Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $680 | ||
| Potential Gross Weekly Rental Income of Recommended Design: $560 | Potential Combined Gross Weekly Income: $1,240 | ||
| Potential Combined Gross Annual Income: $64,480 |
Financial Summary
| Total Purchase and Build Investment: $260,958 | Potential Combined Gross Rental Annual Income: $64,480 | ||
| Potential Gross % Return: 5.5% |
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6/80 Emu Bank, Belconnen ACT
2617, Australia - info@buyersagentcanberra.com.au
- 0400 446 605