Potential Gross Return: 5.16%
Address: 2 Nyrang Street, Narrabundah ACT 2604
Block-Size: 958 sqm
Block: 2
Section: 2
Type: House
House/Building Size: TBC
Bedrooms: 2
Bathrooms: 1
Garaging/Car Spots: 1
EER: 0
Unimproved Value (2022): $890,000 (2022)
UV Price Ratio: 93.68%
Sales Method: Auction (2023-03-18)
Recommend Purchase Price: $950,000
Rates Residential 2022: $3,984*
Land Tax Residential 2022: $6,683*
Property Link: https://www.allhomes.com.au/2-nyrang-street-narrabundah-act-2604
Marketing Agent: David Stokes
Date Added: 01/03/2023
Block Details:
Block Size: 958 sqm
Block Type: Large Block
Zoning: RZ1: SUBURBAN
Frontage Approx:
Precinct Code: 2 Nyrang Street, Narrabundah ACT 2604 Precinct Code Download
Heritage: N/A
Planning Assessment Report: PAR - 2 Nyrang Street, Narrabundah ACT 2604
Suburb Information:
Median House Price (2022): $3,625,000
Median House Rent (2022): $700
Suburb Highest Price (2022): $3,625,000
Rental Vacancy Rate (2022): 1.30%
Medium Household Income (Census 2021): $2,352
Income to Rent Ratio: 30%
Download Suburb Profile: Narrabundah Profile - March 2023
Property Purchase Recommendation Summary:
Recommend Purchase Price: $950,000
Estimated Stamp Duty: $37,000
Approx Legal and Building Report Costs: $3,000
Total Purchase Investment: $987,000
Recommended Secondary Residence:
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-144
Approx Turnkey Build Cost inc GST: $220,000
Downloadable Brochure: Design Brochure - 144
Download Proposal: PAP - 2 Nyrang Street, Narrabundah ACT 2604
Potential Rental Income:
Rental Income Stratgety:
Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $600
Potential Combined Gross Weekly Income: $1,200
Potential Combined Gross Annual Income: $62,400
Financial Summary:
Total Purchase and Build Investment: $1207000
Potential Combined Gross Rental Annual Income: $62,400
Potential Gross % Return: 5.16%
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