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Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.8%

Address: 16 Heagney Crescent, Chisholm ACT 2905 Block-Size: 777 sqm
Block: 5 Section: 509
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER: 1.5
Unimproved Value: 450,000 (2024) UV Price Ratio: 57.32%
Sales Method: $780,000+ Recommend Purchase Price: 785000
Rates Residential: 2,767* Land Tax Residential: 4,774*
Property Link: https://www.realestate.com.au/property-house-act-chisholm-147834976 Marketing Agent: Rick Dickson
Date Added: 24/04/25

Photos:

Block Details

Block Size: 777 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 16 Heagney Crescent, Chisholm ACT 2905 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 16 Heagney Crescent, Chisholm ACT 2905

 

Suburb information

Median house price: 915000 Median house rent: 650
Suburb highest price: 1075000 Rental vacancy rate: 0.2
Medium household income (Census 2021): $2,292 Income to rent ratio: 28%
Download Suburb Profile: Profile - April 2025

Property Purchase Recommendation Summary

Recommend Purchase Price: $785,000 Estimated Stamp Duty: $24,265
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $809,265

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-256 Approx Turnkey Build Cost inc GST: $211,306
Downloadable Brochure: Design Brochure - 256 Download Proposal: PAP - 16 Heagney Crescent, Chisholm ACT 2905

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $620
Potential Gross Weekly Rental Income of Recommended Design: $550 Potential Combined Gross Weekly Income: $1,170
Potential Combined Gross Annual Income: $60,840

Financial Summary

Total Purchase and Build Investment: $251,053 Potential Combined Gross Rental Annual Income: $60,840
Potential Gross % Return: 5.8%

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