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 (2022): $497,000 (2022)

UV Price Ratio: 68.55%

Sales Method: Auction (2023-04-29)

Recommend Purchase Price: $725,000

Rates Residential 2022: $2,710* 

Land Tax Residential 2022: $4,081* 

Property Link: https://www.allhomes.com.au/9-franks-place-kambah-act-2902

Marketing Agent: Campbell Jones and Zachary Cunningham

Date Added: 19/04/2023

  • Front View
  • Kitchen With Tap
  • Living Room
  • Room With Window
  • Bed Room 1
  • Bed Room 2
  • Bed Room 3
  • Bed Room 4
  • Bath Room With Bathtub
  • Room With Basin Area
  • Outside Area
  • Outside Area With Trees
  • Floorplan

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: N/A

Planning Assessment Report: PAR - 9 Franks Place, Kambah ACT 2902

  • Aerial View
  • Block Diagram
  • Easement
  • Floor Plan
  • Length Of Boundaries
  • Roofing Envelope
  • Upper Level Setback
  • Verge Distance

Suburb Information:

Median House Price (2022): $830,000

Median House Rent (2022): $650

Suburb Highest Price (2022): $1,300,000​​

Rental Vacancy Rate (2022): 0.41%

Medium Household Income (Census 2021):  $2,207

Income to Rent Ratio:  29%

Download Suburb Profile:  Kambah 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

  • Side View
  • Floorplan
  • Furniture Floorplan
  • Elevations

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: $1,094,801

Potential Combined Gross Rental Annual Income: $70,200

Potential Gross % Return: 6.41% 

Get Help Securing This Opportunity:

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