Potential Gross Return: 4.95%
Address: 17 Cole Street, Downer ACT 2602
Block-Size: 741 sqm
Block: 34
Section: 68
Type: House
House/Building Size: TBC
Bedrooms: 2
Bathrooms: 1
Garaging/Car Spots: 5
EER:
Unimproved Value (2022): $924,000 (2022)
UV Price Ratio: 90.15%
Sales Method: Auction (2022-09-03)
Recommend Purchase Price: $1,025,000
Rates Residential 2022: $4,288*
Land Tax Residential 2022: $7,280*
Property Link: https://www.allhomes.com.au/17-cole-street-downer-act-2602
Marketing Agent: Alistair Morrel and Peter Morrel
Date Added:
Block Details:
Block Size: 741 sqm
Block Type: Large Block
Zoning: RZ1: SUBURBAN
Frontage Approx:
Precinct Code: 17 Cole Street, Downer ACT 2602 Precinct Code Download
Heritage: N/A
Planning Assessment Report: PAR - 17 Cole Street, Downer ACT 2602
Suburb Information:
Median House Price (2022): $1,333,000
Median House Rent (2022): $670
Suburb Highest Price (2022): $2,055,000
Rental Vacancy Rate (2022): 1.25%
Medium Household Income (Census 2021): $2,267
Income to Rent Ratio: 30%
Download Suburb Profile: Downer Profile - 2022
Property Purchase Recommendation Summary:
Recommend Purchase Price: $1,025,000
Estimated Stamp Duty: $41,550
Approx Legal and Building Report Costs: $3,000
Total Purchase Investment: $1,066,550
Recommended Secondary Residence:
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-305
Approx Turnkey Build Cost inc GST: $320,000
Downloadable Brochure: Design Brochure 305
Potential Rental Income:
Rental Income Stratgety:
Potential Gross Weekly Rental Income of Existing Property: $650
Potential Gross Weekly Rental Income of Recommended Design: $670
Potential Combined Gross Weekly Income: $1,320
Potential Combined Gross Annual Income: $68,640
Financial Summary:
Total Purchase and Build Investment: $1386550
Potential Combined Gross Rental Annual Income: $68,640
Potential Gross % Return: 4.95%
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