Potential Gross Return: 6.73%
Address: 6 Edwards Street, Higgins ACT 2615
Block-Size: 677 sqm
Block: 18
Section: 28
Type: House
House/Building Size: TBC
Bedrooms: 3
Bathrooms: 1
Garaging/Car Spots: 0
EER: 2.5
Unimproved Value (2022): $531,000 (2022)
UV Price Ratio: 75.86%
Sales Method: Auction (2023-06-08)
Recommend Purchase Price: $700,000
Rates Residential 2022: $17,480*
Land Tax Residential 2022: $4,095*
Property Link: https://www.allhomes.com.au/6-edwards-street-higgins-act-2615
Marketing Agent: Fleur Scheele
Date Added: 23/05/2023
Block Details:
Block Size: 677 sqm
Block Type: Large Block
Zoning: RZ1: SUBURBAN
Frontage Approx:
Precinct Code: 6 Edwards Street, Higgins ACT 2615 Precinct Code Download
Heritage: N/A
Planning Assessment Report: PAR - 6 Edwards Street, Higgins ACT 2615
Suburb Information:
Median House Price (2022): $775,000
Median House Rent (2022): $620
Suburb Highest Price (2022): $900,000
Rental Vacancy Rate (2022): 0.65%
Medium Household Income (Census 2021): $2,248
Income to Rent Ratio: 28%
Download Suburb Profile: Higgins Profile - May 2023
Property Purchase Recommendation Summary:
Recommend Purchase Price: $700,000
Estimated Stamp Duty: $23,040
Approx Legal and Building Report Costs: $3,000
Total Purchase Investment: $723,040
Recommended Secondary Residence:
Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-383
Approx Turnkey Build Cost inc GST: $319,946
Downloadable Brochure: Design Brochure - 383
Download Proposal: PAP - 6 Edwards Street, Higgins ACT 2615
Potential Rental Income:
Rental Income Stratgety:
Potential Gross Weekly Rental Income of Existing Property: $600
Potential Gross Weekly Rental Income of Recommended Design: $750
Potential Combined Gross Weekly Income: $1,350
Potential Combined Gross Annual Income: $70,200
Financial Summary:
Total Purchase and Build Investment: $1042986.21
Potential Combined Gross Rental Annual Income: $70,200
Potential Gross % Return: 6.73%
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