Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.95%

Address: 62 Chauncy Crescent Richardson, ACT 2905 Block-Size: 755 sqm
Block: 34 Section: 458
Type: House House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 2
Unimproved Value (2022): $469,000 (2022) UV Price Ratio: 64.69%
Sales Method: $739,000 (Private Treaty) Recommend Purchase Price: 725000
Rates Residential 2022: $2,628* Land Tax Residential 2022: $3,902*
Property Link: https://zango.com.au/sale/62-chauncy-crescent-richardson-act-2905-71566/ Marketing Agent: Brad O'Mara
Date Added: 03/01/23

Photos:

Block Details

Block Size: 755 sqm Block Type: Large Block
Zoning: RZ1: SUBURBAN Frontage Approx:
Precinct Code: 62 Chauncy Crescent Richardson, ACT 2905 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 62 Chauncy Crescent Richardson, ACT 2905

 

Suburb information

Median house price (2022): $825,000 Median house rent (2022): $620
Suburb highest price (2022): $1,150,000 Rental vacancy rate (2022): 0.08%
Medium household income (Census 2021): 2043% Income to rent ratio: 30%
Download Suburb Profile: Profile - January 2023

Property Purchase Recommendation Summary

Recommend Purchase Price: $725,000 Estimated Stamp Duty: $24,120
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $749,120

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-384 Approx Turnkey Build Cost inc GST: $365,000
Downloadable Brochure: Design Brochure - 384 Download Proposal: PAP - 62 Chauncy Crescent 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: $725 Potential Combined Gross Weekly Income: $1,275
Potential Combined Gross Annual Income: $66,300

Financial Summary

Total Purchase and Build Investment: $1,114,120 Potential Combined Gross Rental Annual Income: $66,300
Potential Gross % Return: 6%

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