Potential Gross Return: 5.4%
Address: 24 Clifford Crescent, Melba ACT 2615
Block-Size: 877 sqm
Block: 24
Section: 21
Type: House
House/Building Size: TBC
Bedrooms: 3
Bathrooms: 1
Garaging/Car Spots:
EER: 1.0
Unimproved Value (2022): $544,000 (2022)
UV Price Ratio: 78.84%
Sales Method: $690,000 (Private Treaty)
Recommend Purchase Price: $690,000
Rates Residential 2022: $2,792*
Land Tax Residential 2022: $4,258*
Property Link: https://zango.com.au/sale/24-clifford-crescent-melba-act-2615-70889/
Marketing Agent: Maree Van Arkel and Megan Van Arkel
Date Added: 12/01/2023
Block Details:
Block Size: 877 sqm
Block Type: Large Block
Zoning: RZ1: SUBURBAN
Frontage Approx:
Precinct Code: 24 Clifford Crescent, Melba ACT 2615 Precinct Code Download
Heritage: N/A
Planning Assessment Report: PAR - 24 Clifford Crescent, Melba ACT 2615
Suburb Information:
Median House Price (2022): $1,005,000
Median House Rent (2022): $710
Suburb Highest Price (2022): $1,270,000
Rental Vacancy Rate (2022): 0.47%
Medium Household Income (Census 2021): $2,326
Income to Rent Ratio: 31%
Download Suburb Profile: Melba Profile - January 2023
Property Purchase Recommendation Summary:
Recommend Purchase Price: $690,000
Estimated Stamp Duty: $22,608
Approx Legal and Building Report Costs: $3,000
Total Purchase Investment: $712,608
Recommended Secondary Residence:
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-256
Approx Turnkey Build Cost inc GST: $250,000
Downloadable Brochure: Design Brochure - 256
Potential Rental Income:
Rental Income Stratgety:
Potential Gross Weekly Rental Income of Existing Property: $500
Potential Gross Weekly Rental Income of Recommended Design: $500
Potential Combined Gross Weekly Income: $1,000
Potential Combined Gross Annual Income: $52,000
Financial Summary:
Total Purchase and Build Investment: $962608
Potential Combined Gross Rental Annual Income: $52,000
Potential Gross % Return: 5.4%
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