Qualified Properties For Secondary Residence Potential

Potential Gross Return: 4.72%

Address: 10 Vidal Place, Richardson ACT 2905 Block-Size: 926 sqm
Block: 18 Section: 475
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: EER: 5.0
Unimproved Value (2022): $460,000 (2022) UV Price Ratio: 54.12%
Sales Method: Private Treaty Recommend Purchase Price: 850000
Rates Residential 2022: $2,589* Land Tax Residential 2022: $3,819*
Property Link: https://www.allhomes.com.au/10-vidal-place-richardson-act-2905 Marketing Agent: Zac Morris
Date Added: 12/09/22

Photos:

Block Details

Block Size: 926 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 10 Vidal Place, Richardson ACT 2905 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 10 Vidal Place, Richardson ACT 2905

 

Suburb information

Median house price (2022): $827,500 Median house rent (2022): $620
Suburb highest price (2022): $1,150,000 Rental vacancy rate (2022): 0.25%
Medium household income (Census 2021): 2043% Income to rent ratio: 30%
Download Suburb Profile: Profile - September 2022

Property Purchase Recommendation Summary

Recommend Purchase Price: $850,000 Estimated Stamp Duty: $31,100
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $881,100

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-152 Approx Turnkey Build Cost inc GST: $220,000
Downloadable Brochure: Design Brochure - 152 Download Proposal: PAP - 10 Vidal Place, Richardson ACT 2905

 

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $550
Potential Gross Weekly Rental Income of Recommended Design: $450 Potential Combined Gross Weekly Income: $1,000
Potential Combined Gross Annual Income: $52,000

Financial Summary

Total Purchase and Build Investment: $1,101,100 Potential Combined Gross Rental Annual Income: $52,000
Potential Gross % Return: 5%

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