Potential Gross Return: 7.08%
Address: 6 Newmarch Place, MacGregor ACT 2615
Block-Size: 866 sqm
Block: 8
Section: 77
Type: House
House/Building Size: TBC
Bedrooms: 3
Bathrooms: 1
Garaging/Car Spots: 0
EER: 2.0
Unimproved Value (2022): $405,000 (2022)
UV Price Ratio: 67.50%
Sales Method: Auction (2023-08-24)
Recommend Purchase Price: $600,000
Rates Residential 2022: $2,363*
Land Tax Residential 2022: $3,539*
Property Link: https://www.allhomes.com.au/6-newmarch-place-macgregor-act-2615
Marketing Agent: Fleur Scheele
Date Added: 01/08/2023
Block Details:
Block Size: 866 sqm
Block Type: Large Block
Zoning: RZ1: SUBURBAN
Frontage Approx:
Precinct Code: 6 Newmarch Place, MacGregor ACT 2615 Precinct Code Download
Heritage: N/A
Planning Assessment Report: PAR - 6 Newmarch Place, MacGregor ACT 2615
Suburb Information:
Median House Price (2022): $812,500
Median House Rent (2022): $600
Suburb Highest Price (2022): $1,030,000
Rental Vacancy Rate (2022): 0.71%
Medium Household Income (Census 2021): $2,344
Income to Rent Ratio: 26%
Download Suburb Profile: Macgregor Profile - August 2023
Property Purchase Recommendation Summary:
Recommend Purchase Price: $600,000
Estimated Stamp Duty: $18,720
Approx Legal and Building Report Costs: $3,000
Total Purchase Investment: $618,720
Recommended Secondary Residence:
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-212
Approx Turnkey Build Cost inc GST: $232,206
Downloadable Brochure: Design Brochure - 212
Download Proposal: PAP - 6 Newmarch Place, MacGregor ACT 2615
Potential Rental Income:
Rental Income Stratgety:
Potential Gross Weekly Rental Income of Existing Property: $510
Potential Gross Weekly Rental Income of Recommended Design: $550
Potential Combined Gross Weekly Income: $1,160
Potential Combined Gross Annual Income: $60,320
Financial Summary:
Total Purchase and Build Investment: $850925.71
Potential Combined Gross Rental Annual Income: $60,320
Potential Gross % Return: 7.08%
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