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FREE PLANNING ASSESSMENT

16 Petre Place, Scullin ACT 2614

16 Petre Place, Scullin ACT 2614

Property Information:

Address:	16 Petre Place, Scullin ACT 2614
Property Type:	House
Block:	22
Section:	27
Single Dwelling Code:	Rz2
Block Size:	1067 m2 (approx)
House Size:	-
Bedrooms:	4
Bathrooms and Ensuites	1
Garaging:	2
EER:	1
Unimproved Value:	$404,000 (2018)
Rates:	Approx. $2,727 pa (Assuming residential)
Land Tax:	Approx. $3,949 pa (If rented out)
Marketing Link:	https://www.allhomes.com.au/sale/16-petre-place-scullin-canberra-176311520

Sale Information:

Sale Method:	Auction
Asking Price:	$650,000+
Auction Details:	Saturday, 23 February, 12:00 PM
Agents Price:	High:$650,000+ Low:$650,000+
Assumed Sale Price:	$650,000
Stamp Duty:	$18,940

Suburb Information:

Suburb Median House Value (non-unit):	$580,000
Suburb Median Rental Value (non-unit):	$490
Rental Vacancy Rate:	0.24 %
Census Data:	Link
Highest Sales Price:

Suitability for a Secondary Residence:

Block Size:	1067 m2
Zoning:	RZ2: SUBURBAN CORE The block is permitted to build a secondary residence subject to DA (process managed by CGFB).
Easements:	Inspection and review of the block indicates there are no easements on the block. However, any development application will still require referrals to the relevant utility providers (process managed by CGFB).
Trees that may impact on DA:	Based on the inspection and review of property, there does not appear to be any trees that would significantly 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:	609.2

Investment Analysis:

Purchase Price:	$650,000
Legal, Loan Establishment and Building Report Costs:	$1,500 inc GST
Stamp Duty:	$18,940 (Jan 2019)
Suggested Secondary Residence Design:
Fixed Price Guarantee:
Projected Total Investment – Property Purchase and Build:
Estimated Rental For The Existing Property:
Estimated Rental Return For The Suggested Design:
Estimated Combined Gross Rental Return:
Gross % Return Excluding Deprecation:

Suggested designs for this property.

Design 120

Design 140

Design 160

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