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FREE PLANNING ASSESSMENT

137 Knox Street,Watson ACT 2602

137 Knox Street,Watson ACT 2602

Property Information:

Address:	137 Knox Street,Watson ACT 2602
Property Type:	House
Block:	26
Section:	43
Single Dwelling Code:	Rz1
Block Size:	743 m2 (approx)
House Size:	-
Bedrooms:	3
Bathrooms and Ensuites :	1
Garaging:	1
Carport:	3
EER:	0.0
Unimproved Value:	$518,000 (2018)
Rates:	Approx. $3,268 pa (Assuming residential)
Land Tax:	Approx. $5,054 pa (If rented out)
Marketing Link:	https://www.allhomes.com.au/sale/137-knox-street-watson-canberra-176726351

Sale Information:

Sale Method:	Private Treaty
Asking Price:	$769,000
Auction Details:	N/A
Agents Price:	High:$769,000 Low:$769,000
Assumed Sale Price:	$769,000
Stamp Duty:	$24,659

Suburb Information:

Suburb Median House Value (non-unit):	$740,000
Suburb Median Rental Value (non-unit):	$550
Rental Vacancy Rate:	0.54 %
Census Data:	Link
Highest Sales Price:

Suitability for a Secondary Residence:

Block Size:	743m2
Zoning:	RZ1: SUBURBAN The block is permitted to build a secondary residence subject to DA ( process managed by CGFB).
Easements:	Inspection and review of the block indicates the following easements Stormwater easement, North-east Boundary
Trees that may impact on DA:	Based on the inspection and review of property, there doesn’t appear to have trees that may impact on development application.
Heritage Zoning:	The property is not impacted by heritage rules.
Plot Ratio & Private Open Space:	Based on the inspection and review of property there doesn’t appear to be any major issues relating to the Plot Ratio or Private Open Space.
Topography of Block	Based on the inspection and review of the property there is minimal elevation or undulation on the block.
Price of land per SQM:	$1032.9+

Investment Analysis:

Purchase Price:	$769,000
Legal, Loan Establishment and Building Report Costs:	$3,000 inc GST
Stamp Duty:	$24,659 (May 2019)
Suggested Secondary Residence Design:	https://www.canberragrannyflatbuilders.com.au/design-pages/design-384
Fixed Price Guarantee:	$234,758 inc GST
Projected Total Investment – Property Purchase and Build:	$1,031,417
Estimated Rental For The Existing Property:	$550 or $28,600 per annum
Estimated Rental Return For The Suggested Design:	$700 or $36,400 per annum
Estimated Combined Gross Rental Return:	$65,000
Gross % Return Excluding Deprecation:	6.3%

Suggested designs for this property.

Design 120

Design 140

Design 160

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