Potential Gross Return: 6.2%
Address: 22 Pennefather Street Higgins, ACT 2615
Block-Size: 730 sqm
Block: 11
Section: 36
Type: House
House/Building Size: TBC
Bedrooms: 3
Bathrooms: 1
Garaging/Car Spots: 1
EER: 0
Unimproved Value (2022): $575,000 (2022)
UV Price Ratio: 89.98%
Sales Method: $639,000 (Private Treaty)
Recommend Purchase Price: $639,000
Rates Residential 2022: $2,903*
Land Tax Residential 2022: $4,498*
Property Link: https://zango.com.au/sale/22-pennefather-street-higgins-act-2615-73257/
Marketing Agent: Ben and Tracey Oostermeyer
Date Added: 14/02/2023
Block Details:
Block Size: 730 sqm
Block Type: Large Block
Zoning: RZ1: SUBURBAN
Frontage Approx:
Precinct Code: 22 Pennefather Street Higgins, ACT 2615 Precinct Code Download
Heritage: N/A
Planning Assessment Report: PAR - 22 Pennefather Street Higgins, ACT 2615
Suburb Information:
Median House Price (2022): $865,000
Median House Rent (2022): $650
Suburb Highest Price (2022): $1,300,000
Rental Vacancy Rate (2022): 0.72%
Medium Household Income (Census 2021): $2,248
Income to Rent Ratio: 29%
Download Suburb Profile: Higgins Profile - February 2023
Property Purchase Recommendation Summary:
Recommend Purchase Price: $639,000
Estimated Stamp Duty: $20,405
Approx Legal and Building Report Costs: $3,000
Total Purchase Investment: $659,405
Recommended Secondary Residence:
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-124
Approx Turnkey Build Cost inc GST: $200,000
Downloadable Brochure: Design Brochure - 124
Download Proposal: PAP - 22 Pennefather Street Higgins, ACT 2615
Potential Rental Income:
Rental Income Stratgety:
Potential Gross Weekly Rental Income of Existing Property: $550
Potential Gross Weekly Rental Income of Recommended Design: $475
Potential Combined Gross Weekly Income: $1,025
Potential Combined Gross Annual Income: $53,300
Financial Summary:
Total Purchase and Build Investment: $859404.8
Potential Combined Gross Rental Annual Income: $53,300
Potential Gross % Return: 6.2%
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