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FREE PLANNING ASSESSMENT

10 Nulsen Circuit,Flynn ACT 2615

10 Nulsen Circuit, Flynn ACT 2615

Property Information:

Address:	10 Nulsen Circuit, Flynn ACT 2615
Property Type:	House
Block:	5
Section:	40
Single Dwelling Code:	Rz1
Block Size:	765 m2 (approx)
House Size:	-
Bedrooms:	3
Bathrooms and Ensuites :	1
Garaging:	2
EER:	1.5
Unimproved Value:	$320,000 (2018)
Rates:	Approx. $2,293 pa (Assuming residential)
Land Tax:	Approx. $3,034 pa (If rented out)
Marketing Link:	https://www.allhomes.com.au/sale/10-nulsen-circuit-flynn-canberra-176282252

Sale Information:

Sale Method:	Private Treaty
Asking Price:	$519,000
Auction Details:	N/A
Agents Price:	High:$519,000 Low:$519,000
Assumed Sale Price:	$519,000
Stamp Duty:	$12,966.40

Suburb Information:

Suburb Median House Value (non-unit):	$546,500
Suburb Median Rental Value (non-unit):	$550
Rental Vacancy Rate:	0.24 %
Census Data:	Link
Highest Sales Price:

Suitability for a Secondary Residence:

Block Size:	765 m2
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 Electrical easement, North Boundary and East Boundary
Trees that may impact on DA:	Based on the inspection and review of property, there 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:	$678.4+

Investment Analysis:

Purchase Price:	$519,000
Legal, Loan Establishment and Building Report Costs:	$3,000 inc GST
Stamp Duty:	$12,966.40 (May 2019)
Suggested Secondary Residence Design:	https://www.canberragrannyflatbuilders.com.au/design-pages/design-384
Fixed Price Guarantee:	$234,758
Projected Total Investment – Property Purchase and Build:	$769,724
Estimated Rental For The Existing Property:	$500 per week or $26,000 per annum
Estimated Rental Return For The Suggested Design:	$650 per week or $33,800 per annum
Estimated Combined Gross Rental Return:	$59,800.00
Gross % Return Excluding Deprecation:	7.77%

Suggested designs for this property.

Design 120

Design 140

Design 160

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