Qualified Properties For Secondary Residence Potential

Potential Gross Return: 6.8%

Address: 4 Waterfield Place, Charnwood, ACT 2615 Block-Size: 707 sqm
Block: 12 Section: 98
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 2 EER:
Unimproved Value (2022): $440,000 (2023) UV Price Ratio: 70.4%
Sales Method: Private Treaty Recommend Purchase Price: 625000
Rates Residential 2022: 2,599* Land Tax Residential 2022: 4,090*
Property Link: https://www.realestate.com.au/property-house-act-charnwood-147497716 Marketing Agent: Ben Ostermeyer
Date Added: 19/03/25

Photos:

Block Details

Block Size: 707 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 4 Waterfield Place, Charnwood, ACT 2615 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 4 Waterfield Place, Charnwood, ACT 2615

 

Suburb information

Median house price (2022): $632,000 Median house rent (2022): $550
Suburb highest price (2022): $632,000 Rental vacancy rate (2022): 0.39%
Medium household income (Census 2021): $1,818 Income to rent ratio: 30%
Download Suburb Profile: Profile - March 2025

Property Purchase Recommendation Summary

Recommend Purchase Price: $625,000 Estimated Stamp Duty: $16,800
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $641,800

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-272 Approx Turnkey Build Cost inc GST: $223,957
Downloadable Brochure: Design Brochure - 272 Download Proposal: PAP - 4 Waterfield Place, Charnwood, ACT 2615

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $615
Potential Gross Weekly Rental Income of Recommended Design: $500 Potential Combined Gross Weekly Income: $1,115
Potential Combined Gross Annual Income: $57,980

Financial Summary

Total Purchase and Build Investment: $260,866 Potential Combined Gross Rental Annual Income: $57,980
Potential Gross % Return: 6.8%

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