Qualified Properties For Secondary Residence Potential
Potential Gross Return: 5.8%
| Address: 89 Chippindall Circuit, Theodore ACT 2905 | Block-Size: 777 sqm | ||
| Block: 38 | Section: 631 | ||
| Type: House | House/Building Size: TBC | ||
| Bedrooms: 3 | Bathrooms: 1 | ||
| Garaging/Car Spots: 2 | EER: 3.0 | ||
| Unimproved Value (2022): 459,000 (2024) | UV Price Ratio: 61.61% | ||
| Sales Method: $740,000+ | Recommend Purchase Price: 745000 | ||
| Rates Residential 2022: 2,778* | Land Tax Residential 2022: 4,804* | ||
| Property Link: https://www.allhomes.com.au/89-chippindall-circuit-theodore-act-2905 | Marketing Agent: David Stokes | ||
| Date Added: 26/03/25 |
Photos:
Block Details
| Block Size: 777 sqm | Block Type: Large Block | ||
| Zoning: RZ1: SUBURBAN | Frontage Approx: | ||
| Precinct Code: 89 Chippindall Circuit, Theodore ACT 2905 Precinct Code Download | Heritage: N/A | ||
| Planning Assessment Report: PAR - 89 Chippindall Circuit, Theodore ACT 2905 |
Suburb information
| Median house price (2022): $825,000 | Median house rent (2022): $590 | ||
| Suburb highest price (2022): $850,000 | Rental vacancy rate (2022): 0.14% | ||
| Medium household income (Census 2021): $2,588 | Income to rent ratio: 23% | ||
| Download Suburb Profile: Profile - March 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-272 | Approx Turnkey Build Cost inc GST: $223,957 | ||
| Downloadable Brochure: Design Brochure - 272 | Download Proposal: PAP - 89 Chippindall Circuit, Theodore ACT 2905 |
Potential Rental Income
| Rental Income Stratgety: | Potential Gross Weekly Rental Income of Existing Property: $625 | ||
| Potential Gross Weekly Rental Income of Recommended Design: $500 | Potential Combined Gross Weekly Income: $1,125 | ||
| Potential Combined Gross Annual Income: $58,500 |
Financial Summary
| Total Purchase and Build Investment: $260,866 | Potential Combined Gross Rental Annual Income: $58,500 | ||
| Potential Gross % Return: 5.8% |
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6/80 Emu Bank, Belconnen ACT
2617, Australia - info@buyersagentcanberra.com.au
- 0400 446 605