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FREE PLANNING ASSESSMENT

16 McGowen Close, Spence ACT 2615

16 McGowen Close, Spence ACT 2615

Property Information:

Address:	16 McGowen Close, Spence ACT 2615
Property Type:	House
Block:	11
Section:	22
Single Dwelling Code:	Rz2
Block Size:	559 m2 (approx)
House Size:	156 m2 (approx)
Bedrooms:	3
Bathrooms and Ensuites :	2
Garaging:	2
EER:	1.5
Unimproved Value:	$258,000 (2018)
Rates:	Approx. $2,035 pa (Assuming residential)
Land Tax:	Approx. $2,517 pa (If rented out)
Marketing Link:	https://www.allhomes.com.au/sale/16-mcgowen-close-spence-canberra-176505092

Sale Information:

Sale Method:	Private Treaty
Asking Price:	$495,000+
Auction Details:	N/A
Agents Price:	High:$495,000+ Low:$495,000+
Assumed Sale Price:	$495,000
Stamp Duty:	$11,920

Suburb Information:

Suburb Median House Value (non-unit):	$505,000
Suburb Median Rental Value (non-unit):	$515
Rental Vacancy Rate:	0.40 %
Census Data:	Link
Highest Sales Price:

Suitability for a Secondary Residence:

Block Size:	558 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 is no easement on the block.
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:	Based on the inspection and review of property, the property is not impacted by heritage rules.
Plot Ratio & Private Open Space:	Based on the inspection and review of property there may be 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:	$887.10

Investment Analysis:

Purchase Price:	$495,000
Legal, Loan Establishment and Building Report Costs:	$1,500 inc GST
Stamp Duty:	$11,920 (Mar 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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