Potential Gross Return: 6% 

Address: 3 Mentha Place, Rivett ACT 2611

Block-Size: 1034 sqm

Block: 2

Section: 52

Type: House

House/Building Size: TBC

Bedrooms: 4

Bathrooms: 2

Garaging/Car Spots: 2

EER: 2.0

Unimproved Value (2022): $709,000 (2022)

UV Price Ratio: 91.48%

Sales Method: $799,000 (Private Treaty)

Recommend Purchase Price: $775,000

Rates Residential 2022: $3,320* 

Land Tax Residential 2022: $5,365* 

Property Link: https://www.allhomes.com.au/3-mentha-place-rivett-act-2611

Marketing Agent: Peter White and Nick Paine

Date Added: 27/03/2023

  • Garage Area
  • Living Room Area
  • Living Room Area 2
  • Living Room 4
  • Living Room Area
  • Corridor Area
  • Window With Curtain
  • Window With Cupboard
  • Bedroom
  • Window With Light
  • Bathroom With Window
  • Bedroom With Light
  • Bedroom 2 With Window
  • Bedroom 3 With Cupboard
  • Bathroom
  • Outside Area
  • Outside Area With Trees
  • Outside Area With Bench
  • Outside Garden Area
  • Outside Garden Area 2
  • Floorplan

Block Details:

Block Size: 1034 sqm

Block Type: Large Block

Zoning:  RZ1: SUBURBAN

Frontage Approx:

Precinct Code: 3 Mentha Place, Rivett ACT 2611 Precinct Code Download 

Heritage: N/A

Planning Assessment Report: PAR - 3 Mentha Place, Rivett ACT 2611

  • Aerial View
  • Block Diagram
  • Floorplan
  • Length Of Boundaries
  • Offset
  • Roofing Envelope
  • Upper Level Setback
  • Verge Distance

Suburb Information:

Median House Price (2022): $915,000

Median House Rent (2022): $690

Suburb Highest Price (2022): $990,000​​

Rental Vacancy Rate (2022): 0.43%

Medium Household Income (Census 2021):  $2,207

Income to Rent Ratio:  31%

Download Suburb Profile:  Rivett Profile - March 2023

Property Purchase Recommendation Summary:

Recommend Purchase Price: $775,000

Estimated Stamp Duty: $26,675

Approx Legal and Building Report Costs: $3,000

Total Purchase Investment: $801,675

Recommended Secondary Residence:  

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-256

Approx Turnkey Build Cost inc GST: $238,000

Downloadable Brochure: Design Brochure - 256 

Download Proposal: PAP - 3 Mentha Place, Rivett ACT 2611

  • Front View
  • Front View 2
  • Side View
  • Side View 2
  • Side View 3
  • Side View 4
  • Aerial View
  • Floorplan
  • Furniture Floorplan
  • Elevations

Potential Rental Income:  

Rental Income Stratgety:

Potential Gross Weekly Rental Income of Existing Property: $650

Potential Gross Weekly Rental Income of Recommended Design: $550 

Potential Combined Gross Weekly Income:  $1,200 

Potential Combined Gross Annual Income: $62,400

Financial Summary:

Total Purchase and Build Investment: $1039675

Potential Combined Gross Rental Annual Income: $62,400

Potential Gross % Return: 6% 

Get Help Securing This Opportunity:

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