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FREE PLANNING ASSESSMENT

50 Bambridge Street, Weetangera ACT 2614

50 Bambridge Street, Weetangera ACT 2614

Property Information:

Address:	50 Bambridge Street, Weetangera ACT 2614
Property Type:	House
Block:	21
Section:	10
Single Dwelling Code:	Rz1
Block Size:	863 m2 (approx)
House Size:	123 m2 (approx)
Bedrooms:	3
Bathrooms and Ensuites	2
Carport:	2
EER:	2
Unimproved Value:	$479,000 (2018)
Rates:	Approx. $3,033 pa (Assuming residential)
Land Tax:	Approx. $4,593 pa (If rented out)
Marketing Link:	https://www.allhomes.com.au/sale/50-bambridge-street-weetangera-canberra-176705732

Sale Information:

Sale Method:	Auction
Asking Price:	$600,000+
Auction Details:	Saturday,25 May, 02:30 PM
Agents Price:	High:$500s Low:$600s
Assumed Sale Price:	$600,000
Stamp Duty:	$16,660

Suburb Information:

Suburb Median House Value (non-unit):	$920,000
Suburb Median Rental Value (non-unit):	$585
Rental Vacancy Rate:	0.21 %
Census Data:	Link
Highest Sales Price:

Suitability for a Secondary Residence:

Block Size:	863 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 Stormwater easement, North Boundary
Trees that may impact on DA:	Based on the inspection and review of property, there does not 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:	$555.0

Investment Analysis:

Purchase Price:	$600,000
Legal, Loan Establishment and Building Report Costs:	$3,000 inc GST
Stamp Duty:	$16,600 (Mar 2019)
Suggested Secondary Residence Design:	https://www.canberragrannyflatbuilders.com.au/design-pages/design-486
Fixed Price Guarantee:	$281,573
Projected Total Investment – Property Purchase and Build:	$901,173
Estimated Rental For The Existing Property:	$600 per week or $31,200 per annum
Estimated Rental Return For The Suggested Design:	$800 per week or $41,600 per annum
Estimated Combined Gross Rental Return:	$72,800.00
Gross % Return Excluding Deprecation:	8.08%

Suggested designs for this property.

Design 120

Design 140

Design 160

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