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FREE PLANNING ASSESSMENT

19 Croton Street, Rivett ACT 2611

19 Croton Street, Rivett ACT 2611

Property Information:

Address:	19 Croton Street, Rivett ACT 2611
Property Type:	House
Block:	1
Section:	5
Single Dwelling Code:	Rz1
Block Size:	874 m² approx.
House Size:	115 m² approx.
Bedrooms:	3
Bathrooms and Ensuites:	1
EER:	1.0
Unimproved Value:	$358,000 (2019)
Rates:	$2,519(Assuming Residential)
Land Tax:	$3,429
Marketing Link:	https://www.allhomes.com.au/19-croton-street-rivett-act-2611

Sale Information:

Sale Method:	Auction
Asking Price:	$830,000
Auction Details:	-
Agents Price:	High: Low:
Assumed Sale Price:	$830,000
Stamp Duty:	$26,920

Suburb Information:

Suburb Median House Value (non-unit):	$760,000 (2020)
Suburb Median Rental Value (non-unit):	$540
Rental Vacancy Rate:	0.10%
Census Data:	Link
Highest Sales Price:	$699,950

Suitability for a Secondary Residence:

Block Size:	874m2
Zoning:	RZ1: SUBURBAN
Easements:	Electrical easement rear boundary; Sewer easement rear boundary
Trees that may impact on DA:	Large tree at front of property likely protected
Heritage Zoning:	No
Plot Ratio & Private Open Space:	Adequate plot ratio and private open space for a secondary residence
Topography of Block	Slight elevation
Price of land per SQM:	$409.61

Investment Analysis:

Purchase Price:	$830,000
Legal, Loan Establishment and Building Report Costs:	$2500
Stamp Duty:	$26,920
Suggested Secondary Residence Design:	https://www.canberragrannyflatbuilders.com.au/design-pages/design-384
Fixed Price Guarantee:	$256,849.00
Projected Total Investment – Property Purchase and Build:	1,116,269
Estimated Rental For The Existing Property:	$450 per week $23,400 per year
Estimated Rental Return For The Suggested Design:	$600 per week $31,200 per year
Estimated Combined Gross Rental Return:	$54,600
Gross % Return Excluding Deprecation:	6.06%

Suggested designs for this property.

Design 120

Design 140

Design 160

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