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Investment Property Details

Bedrooms  x 6   Bathrooms  2  

Open For Inspection Times

None scheduled at this time.

Past Sales & Property Information

Suburb Info: Queanbeyan
Postcode Info: 2620

Queanbeyan Profile

Average age: 40 years
Houses: 55.3%
Townhouses: 14.8%
Flats & units: 29.3%
Other: 0.7%
Population: 5,334
     

78/80 Derrima Road, Queanbeyan

$900,000+

78-80 Derrima Road, Crestwood, Queanbeyan

A unique opportunity, calling all investors and developers!
This could be your next project!
New price. Two separate adjacent blocks with two three bedroom cottages being sold as a package, a total of 1317 Sq mts.. The opportunity exists to develop the blocks to maximize the return. DA has been approved for thirteen units to be built. The blocks are located within walking distance to all facilities, and transport, while a short drive to Canberra makes this ideal as a land bank investment.

 

Features include:
• 2 x three bedroom cottages
• 486m2 Block
• council has approved a development application
• DA for 13 Units
• Plans available


Rates: $3,950 P/A for both blocks
UCV: $365,000 for both blocks
Land Size: 1,309 sqm for both blocks 

 

 

 

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Agent Details

Luton Properties Manuka

P: 02 6260 8999
F: 02 6260 8333
E: info@luton.com.au

12-14 Bougainville Street Manuka ACT 2603
www.luton.com.au

Canberra Wide Pty Ltd
Licensed Agent & REIACT Member
View all sales listings for this agency

What do I need to purchase this property?

Initial Requirements (assuming sale price of $900,000)

Stamp duty $35,990
Legal fees1 $1,500
Loan application fees2 $655
Minimum deposit (10%)2 $90,000
  Total initial payment:   $128,145

Monthly Repayments (assuming deposit of $90,000 and sale price of $900,000)2

Loan repayments on $810,000 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment:   $5,362 per month

Notes

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 20/1/12, last updated on 23/1/12, and has been viewed 4130 times. Please note the counter is not updated immediately.

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