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: $725,000

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: 03/01/2023

  • Front View
  • Front View
  • Back View
  • Bedroom
  • Bedroom
  • Living Room
  • Bedroom
  • Bedroom
  • Room
  • Kitchen
  • Kitchen
  • Kitchen
  • Room
  • Room
  • Room
  • Hand Basin
  • Bathroom
  • Deack Area2
  • Deck Area
  • Green Grass
  • Front Access
  • Back View
  • Back View
  • Floor Plan

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

  • Aerial View
  • Block Dimension
  • Easement
  • Floor Plan
  • Length Boundaries
  • Offset
  • Roofing
  • Upper Level Setback
  • Verge Distance
  • Front View

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):  $2,043

Income to Rent Ratio:  30%

Download Suburb Profile:  Richardson 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

  • Snapshot Labelled View1 Design 384
  • Furniture Floorplan
  • Floorplan Dimension
  • Elevations 384

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: 5.95% 

Get Help Securing This Opportunity:

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