Qualified Properties For Secondary Residence Potential
Potential Gross Return: 6.2%
| Address: 6 Kennewell Place, Richardson ACT 2905 | Block-Size: 768 sqm | ||
| Block: 10 | Section: 427 | ||
| Type: House | House/Building Size: TBC | ||
| Bedrooms: 3 | Bathrooms: 1 | ||
| Garaging/Car Spots: | EER: 2.0 | ||
| Unimproved Value (2022): 475,000 (2024) | UV Price Ratio: 69.95% | ||
| Sales Method: $679,000-$729,000 (private Treaty) | Recommend Purchase Price: 679000 | ||
| Rates Residential 2022: $2,881* | Land Tax Residential 2022: $5,086* | ||
| Property Link: https://www.allhomes.com.au/6-kennewell-place-richardson-act-2905 | Marketing Agent: Stephen Thompson | ||
| Date Added: 01/03/25 |
Photos:
Block Details
| Block Size: 768 sqm | Block Type: Large Block | ||
| Zoning: RZ1 SUBURBAN | Frontage Approx: | ||
| Precinct Code: 6 Kennewell Place, Richardson ACT 2905 Precinct Code Download | Heritage: N/A | ||
| Planning Assessment Report: PAR - 6 Kennewell Place, Richardson ACT 2905 |
Suburb information
| Median house price (2022): $800,000 | Median house rent (2022): $600 | ||
| Suburb highest price (2022): $1,100,000 | Rental vacancy rate (2022): 0.34% | ||
| Medium household income (Census 2021): 2043% | Income to rent ratio: 29% | ||
| Download Suburb Profile: Profile - March 2025 |
Property Purchase Recommendation Summary
| Recommend Purchase Price: $679,000 | Estimated Stamp Duty: $19,133 | ||
| Approx Legal And Building Report Costs: $3,000 | Total Purchase Investment: $698,132 |
Recommended Secondary Residence
| Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-212 | Approx Turnkey Build Cost inc GST: $207,080 | ||
| Downloadable Brochure: Design Brochure - 212 | Download Proposal: PAP - 6 Kennewell Place, Richardson ACT 2905 |
Potential Rental Income
| Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $600 | ||
| Potential Gross Weekly Rental Income of Recommended Design: $550 | Potential Combined Gross Weekly Income: $1,150 | ||
| Potential Combined Gross Annual Income: $59,800 |
Financial Summary
| Total Purchase and Build Investment: $248,692 | Potential Combined Gross Rental Annual Income: $59,800 | ||
| Potential Gross % Return: 6.2% |
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6/80 Emu Bank, Belconnen ACT
2617, Australia - info@buyersagentcanberra.com.au
- 0400 446 605