Potential Gross Return: 6.41%
Address: 40 Abercrombie Circuit, Banks ACT 2906
Block-Size: 509 sqm
Block: 21
Section: 3
Type: House
House/Building Size: TBC
Bedrooms: 3
Bathrooms: 1
Garaging/Car Spots: 2
EER: 2.5
Unimproved Value (2022): $420,000 (2022)
UV Price Ratio: 62.22%
Sales Method: $685,000 (Private Treaty)
Recommend Purchase Price: $675,000
Rates Residential 2022: $2,366*
Land Tax Residential 2022: $3,182*
Property Link: https://zango.com.au/sale/40-abercrombie-circuit-banks-act-2906-75810/
Marketing Agent: Colin Blunden
Date Added: 12/04/2023
Block Details:
Block Size: 509 sqm
Block Type: Large Block
Zoning: RZ1: SUBURBAN
Frontage Approx:
Precinct Code: 40 Abercrombie Circuit, Banks ACT 2906 Precinct Code Download
Heritage: N/A
Planning Assessment Report: PAR - 40 Abercrombie Circuit, Banks ACT 2906
Suburb Information:
Median House Price (2022): $970,000
Median House Rent (2022): $595
Suburb Highest Price (2022): $970,000
Rental Vacancy Rate (2022): 0.27%
Medium Household Income (Census 2021): $2,419
Income to Rent Ratio: 25%
Download Suburb Profile: Banks Profile - April 2023
Property Purchase Recommendation Summary:
Recommend Purchase Price: $675,000
Estimated Stamp Duty: $21,960
Approx Legal and Building Report Costs: $3,000
Total Purchase Investment: $696,960
Recommended Secondary Residence:
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-212
Approx Turnkey Build Cost inc GST: $235,000
Downloadable Brochure: Design Brochure - 212
Download Proposal: PAP - 40 Abercrombie Circuit, Banks ACT 2906
Potential Rental Income:
Rental Income Stratgety:
Potential Gross Weekly Rental Income of Existing Property: $550
Potential Gross Weekly Rental Income of Recommended Design: $500
Potential Combined Gross Weekly Income: $1,150
Potential Combined Gross Annual Income: $59,800
Financial Summary:
Total Purchase and Build Investment: $931960
Potential Combined Gross Rental Annual Income: $59,800
Potential Gross % Return: 6.41%
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