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FREE PLANNING ASSESSMENT

6 Dodds Place, Watson ACT 2602

6 Dodds Place, Watson ACT 2602

Property Information:

Address:	6 Dodds Place, Watson ACT 2602
Property Type:	Duplex
Block:	24
Section:	5
Single Dwelling Code:	Rz1
Block Size:	612 m2 (approx)
House Size:	-
Bedrooms:	3
Bathrooms and Ensuites:	1
EER:	4
Unimproved Value:	$525,000 (2019)
Rates:	Approx. $3,404 pa (Assuming residential)
Land Tax:	Approx. $5,247 pa (If rented out)
Marketing Link:	https://www.allhomes.com.au/sale/6-dodds-place-watson-canberra-177983622

Sale Information:

Sale Method:	Auction
Asking Price:	-
Auction Details:	Thursday, 19 Mar, 12:30 PM
Agents Price:	High: Low:
Assumed Sale Price:	$600,000
Stamp Duty:	$15,720

Suburb Information:

Suburb Median House Value (non-unit):	$342,500 (2020)
Suburb Median Rental Value (non-unit):	$530
Rental Vacancy Rate:	1.25%
Census Data:	Link
Highest Sales Price:	$600,000

Suitability for a Secondary Residence:

Block Size:	611m2
Zoning:	RZ1: SUBURBAN
Easements:	Electrical easement rear boundary; sewer easement rear boundary
Trees that may impact on DA:	Yes, there are several established trees which may have an impact upon a DA
Heritage Zoning:	N/A
Plot Ratio & Private Open Space:	There is adequate private open space and available plot ratio
Topography of Block	The block is flat
Price of land per SQM:	$859.25

Investment Analysis:

Purchase Price:	$600,000
Legal, Loan Establishment and Building Report Costs:	$2500
Stamp Duty:	$15,720
Suggested Secondary Residence Design:	https://www.canberragrannyflatbuilders.com.au/design-pages/design-160
Fixed Price Guarantee:	$175,438
Projected Total Investment – Property Purchase and Build:	$793,658
Estimated Rental For The Existing Property:	$500 per week or $26,000
Estimated Rental Return For The Suggested Design:	$450 per week or $23,400
Estimated Combined Gross Rental Return:	$49,400
Gross % Return Excluding Deprecation:	5.48%

Suggested designs for this property.

Design 120

Design 140

Design 160

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