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110 Nemerang Crescent, Waramanga ACT 2611

110 Nemerang Crescent, Waramanga ACT 2611

Property Information:

Address:	110 Nemerang Crescent, Waramanga ACT 2611
Property Type:	House
Block:	6
Section:	18
Single Dwelling Code:	Rz1
Block Size:	755 m2 (approx)
Bedrooms:	3
Carport:	2
Bathrooms and Ensuites:	2
EER:	2.5
Unimproved Value:	$408,000 (2019)
Rates:	Approx. $2,747 pa (Assuming residential)
Land Tax:	Approx. $3,908 pa (If rented out)
Marketing Link:	https://www.allhomes.com.au/sale/110-nemerang-crescent-waramanga-canberra-176528545

Sale Information:

Sale Method:	Private Treaty
Asking Price:	$690,000
Auction Details:	N/A
Agents Price:	High: Low:
Assumed Sale Price:	$690,000
Stamp Duty:	$19,608

Suburb Information:

Suburb Median House Value (non-unit):	$470,000 (2019)
Suburb Median Rental Value (non-unit):	$530
Rental Vacancy Rate:	0.59 %
Census Data:	Link
Highest Sales Price:	$690,000

Suitability for a Secondary Residence:

Block Size:	754m2
Zoning:	RZ1: SUBURBAN
Easements:	Electrical easement rear boundary; stormwater easement south-west corner of rear boundary
Trees that may impact on DA:	Established trees by front and side of house may have some impact upon a DA; neighbouring trees hanging into rear of yard may also have some impact
Heritage Zoning:	N/A
Plot Ratio & Private Open Space:	There is sufficient private open space and available plot ratio to build a small secondary residence
Topography of Block	Generally flat, unlikely to have impact upon a DA
Price of land per SQM:	$915.2

Investment Analysis:

Purchase Price:	$690,000
Legal, Loan Establishment and Building Report Costs:	$2500
Stamp Duty:	$19,608
Suggested Secondary Residence Design:	https://www.canberragrannyflatbuilders.com.au/design-pages/design-488
Fixed Price Guarantee:	$271,150
Projected Total Investment – Property Purchase and Build:	$983,258‬
Estimated Rental For The Existing Property:	$550 per week or $28,600
Estimated Rental Return For The Suggested Design:	$900 per week or $46,800
Estimated Combined Gross Rental Return:	$75,400
Gross % Return Excluding Deprecation:	8.37%

Suggested designs for this property.

Design 120

Design 140

Design 160

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