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Investment Property Details

Bedrooms  x 3   Bathrooms  2  

EER 0.0
 

Vital Statistics

Block Size: 809 m2 (approx)
Unimproved Value: 2011 - $301,000

(UV is for entire block at 7 Kinsella Street)

Open For Inspection Times

None scheduled at this time.

Past Sales & Property Information

Property Info: 7B Kinsella Street
Street Info: Kinsella Street
Suburb Info: Higgins
Postcode Info: 2615

Taxes

Stamp Duty (Concessional): $20,500
Stamp Duty: $20,500

Block Information

Block: 21, Section: 44

Block Map

NOTE

Always verify block details with the agent or vendor. These maps are generated by cross referencing with our spatial information database, but this does not mean they they will always correspond with the listed property. Measurements are estimates only.

Maps are produced from ACTMAPi data, supplied by the ACT Planning & Land Authority. © ACT Gov. 2010.

What's Nearby

Click here for more information about what's nearby to this property.


Distance to nearest Post Office

HIGGINS POST OFFICE - 0.7 km

Major Shopping Centre

KIPPAX FAIR - 1.8 km

Hospital

CALVARY PRIVATE HOSPITAL - 5.9 km

Primary School

SOUTHERN CROSS EARLY CHILDHOOD SCHOOL, SCULLIN - 1.2 km

High School

KINGSFORD SMITH SCHOOL - 1.3 km

College

HAWKER COLLEGE - 0.9 km

University

UNIVERSITY OF CANBERRA, BRUCE - 5.4 km

(approximate straight line distances)

Higgins Profile

Average age: 36 years
Houses: 87.9%
Townhouses: 8.7%
Flats & units: 3.0%
Other: 0.3%
Population: 3,026
     

7 Kinsella Street, Higgins

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$499,950

INVESTMENT 2BR+1BR DUPLEX

Better than shares !!! No body corporate fee, easily self managed, tax benefits

REDUCED BY OVER $45,000, price now firm

This purpose built approved duplex offers a rare opportunity to purchase 2 units and only pay land tax on one block. Weekly inome from 2br. $335 and 1br.$250. Gross is therefore over 6%.

Both tenants are single Public Servants and one has been there for over 9 years. The rents should be higher, however, there is a fine line between excessive rents which cause frequent tenancy changes and excellent and happy tenants who remain and look after the property.

The 2 bedroom unit was painted Dec. 2009, new carpet and underlay installed (see photo of brown carpet), stove and vanity unit updated, laundry floor retiled to match colour of kitchen floor, additional insulation installed, curtains and venetian blinds cleaned and built in wardrobes painted internally.

The entry hall has a double door coat cupboard and the lounge/dining room is huge with built in bookshelves. Plan attached.

The master bedroom has 5 wardrobe doors and has a security screen on the large window as does the window for the 2nd. bedroom which has a 2 door built in wardrobe.

Both units have large linen cupboards and combined ceiling heaters/exhaust fans in the bathrooms.
Each unit has a separate toilet both with new dual flush cisterns. Both front doors have movement activated security lights and back and front doors have steel mesh security doors.

The 2 br. unit has an ecomical reverse cycle Panasonic heating /cooling system with an inverter. Cooling 4.4kw, heating 5.5kw .I's still under warranty

The 1 br unit has clean carpet in the bedroom and lounge/dining room and electric wall heater. There is a wall of built ins, a large linen cupboard, combined laundry/bathroom and separate toilet

Each unit has a separate electricity meter.

The steel handrails and rear facia have recently been painted and in the last 2 years most fencing has been replaced.One neighbour is yet to replace his section.

This property has been owned by us since November 1998 and is opposite a bus stop ,close to local shops and is an easy bike ride to the University of Canberra (5.4 km)

Should ever one unit be vacant, (which is highly unlikely, given that the vacancy factor in the ACT is the lowest in Australia, 0.9% according to SQM Research) the other will still generate income and pay the bills.

LIVE IN ONE AND RENT THE OTHER

The plan shows a total area, not including landings or carport, of 14.75 squares and the 2 br unit is approx 9.9 squares and the 1 br unit approx 4.8 sq.

Total gross income $585 per week ie $30,420 pa plus expected capital gain and possible tax benefits (talk to your accountant)

EER 0

Latest land value $301,000

Block 21 Section 44 Higgins

For further details contact MAX ROWE 62 544 994.

This is a private sale and is not listed with any agent

all inspections strictly by appointment

Building report available by email on request.
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Contact

Max Rowe


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Map & Location Information

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What do I need to purchase this property?

Initial Requirements (assuming sale price of $499,950)

Stamp duty $20,500
Legal fees1 $1,500
Loan application fees2 $655
Minimum deposit (10%)2 $49,995
  Total initial payment:   $72,650

Monthly Repayments (assuming deposit of $49,995 and sale price of $499,950)2

Loan repayments on $449,955 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment:   $2,978 per month

Notes

  1. 1Legal fees are estimated and will vary from firm to firm.
  2. 2Includes application fee, mortgage legals and valuation for standard residential ACT property. Additional Land Titles Office fees are applicable for the registration and transfer of mortgage. The calculation given above is an example estimate only and may not correspond with what is commercially available.

Listing Age and Views

This listing was first displayed on 14/7/11, last updated on 16/2/12, and has been viewed 12939 times. Please note the counter is not updated immediately.

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