Qualified Properties For Secondary Residence Potential
Potential Gross Return: 6%
| Address: 18 Longman Street, Richardson ACT 2905 | Block-Size: 1039 sqm |
| Block: 14 | Section: 492 |
| Type: House | House/Building Size: TBC |
| Bedrooms: 3 | Bathrooms: 2 |
| Garaging/Car Spots: 4 | EER: 3 |
| Unimproved Value: 507,000 | UV Price Ratio: 68.05% |
| Sales Method: Offers Over $745,000+ | Recommend Purchase Price: 745000 |
| Rates Residential: $2,987* | Land Tax Residential: $5,377* |
| Property Link: https://www.realestate.com.au/property-house-act-richardson-148516932 | Marketing Agent: Eliana Rojas-Terry |
| Date Added: 17/07/25 |
Photos:
Block Details
| Block Size: 1039 sqm | Block Type: Large Blocfk |
| Zoning: RZ1: SUBURBAN | Frontage Approx: |
| Precinct Code: 18 Longman Street, Richardson ACT 2905 Precinct Code Download | Heritage: N/A |
| Planning Assessment Report: PAR - 18 Longman Street, Richardson ACT 2905 |
Suburb information
| Median house price: 800000 (2024) | Median house rent: 625 |
| Suburb highest price: 1100000 (2024) | Rental vacancy rate: 0.34 |
| Medium household income (Census 2021): $2,043 | Income to rent ratio: 3.2688% |
| Download Suburb Profile: Profile - July 2025 |
Property Purchase Recommendation Summary
| Recommend Purchase Price: $745,000 | Estimated Stamp Duty: $21,984 |
| Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $766,984 |
Recommended Secondary Residence
| Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-214 | Approx Turnkey Build Cost inc GST: $219,725 |
| Downloadable Brochure: Design Brochure - 214 | Download Proposal: PAP - 18 Longman Street, Richardson ACT 2905 |
Potential Rental Income
| Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $645 |
| Potential Gross Weekly Rental Income of Recommended Design: $525 | Potential Combined Gross Weekly Income: $1,170 |
| Potential Combined Gross Annual Income: $60,840 |
Financial Summary
| Total Purchase and Build Investment: $260,958 | Potential Combined Gross Rental Annual Income: $60,840 |
| Potential Gross % Return: 6% |
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6/80 Emu Bank, Belconnen ACT
2617, Australia - info@buyersagentcanberra.com.au
- 0400 446 605