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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.41%

Address: 9 Franks Place, Kambah ACT 2902 Block-Size: 724 sqm
Block: 4 Section: 251
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 1.0
Unimproved Value: $497,000 (2022) UV Price Ratio: 68.55%
Sales Method: Auction (2023-04-29) Recommend Purchase Price: 725000
Rates Residential: $2,710* Land Tax Residential: $4,081*
Property Link: https://www.allhomes.com.au/9-franks-place-kambah-act-2902 Marketing Agent: Campbell Jones and Zachary Cunningham
Date Added: 19/04/23

Photos:

Block Details

Block Size: 724 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 9 Franks Place, Kambah ACT 2902 Precinct Code Download Heritage: NA
Planning Assessment Report: PAR - 9 Franks Place, Kambah ACT 2902

 

Suburb information

Median house price: 830000 Median house rent: 650
Suburb highest price: 1300000 Rental vacancy rate: 0.41
Medium household income (Census 2021): $2,207 Income to rent ratio: 29%
Download Suburb Profile: Profile - April 2023

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-384 Approx Turnkey Build Cost inc GST: $345,681
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 9 Franks Place, Kambah ACT 2902

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $750 Potential Combined Gross Weekly Income: $1,350
Potential Combined Gross Annual Income: $70,200

Financial Summary

Total Purchase and Build Investment: $1,094,800 Potential Combined Gross Rental Annual Income: $70,200
Potential Gross % Return: 6%

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