We love it! We love the cool Inner North vibes, the shabby chic style of a youthful group house, the ‘wanna be’ location and chance to just ‘get in’ to the right area! But if you’re a developer looking for the next potential project, likely you haven’t even read this far: the stars are already in your eyes as we had you at RZ2, 768 m2 and dual rental return until the DA is approved.
Let’s take a step back. This humble monocrete house hides special promise. The dual tenancy and rental income ensuring return on investment is a no brainer in the decision making. The property is currently full of spirit, youthful endeavour, bike culture, love of nature – with its recycled, retro furniture, libraries, musical instruments and necessary coffee machines, it speaks to the energy and culture of Inner North living.
But should you consider a future development or a new build, the lucrative zoning and size of block will offer the right creative mind something inspiring. The location so perfectly positioned between the ANU and University of Canberra, it’s close to the CBD, vibrant Braddon and nestled in the leafy streets of the Black Mountain Precinct. It’s something many professional couples and young families dream of: one day you’re enjoying delicious food from Dickson, the next day you’re burning off the calories up the Mountain!
.house currently rented for $1,250 per fortnight until February 2022
.flat currently rented for $310 per week until February 2022
.premium RZ2 zoned block, O’Connor location close to Lyneham, development potential
.proximity to the O’Connor shops, Lyneham Shops, Lyneham Primary and High Schools, Lyneham Neighbourhood Oval, Southwell Park, and green spaces
.easy access to the Dickson Shops, Braddon Precinct, the City, ANU and the CBD
.close to public transport, Light Rail, bike paths
.three bedroom family home
.porch to front entry
.front lounge room with fireplace
.formal dining/family room
.northern aspect to living and dining spaces
.updated kitchen with Smeg electric cooktop, abundant storage
.three bedrooms with built-in robes
.updated bathroom with shower and vanity
.separate laundry with external access
.pine timber flooring
.ducted gas heating
.garage converted to self-contained studio living space
.lovely established gardens
.excellent 768m2 block in a premium O’Connor position
.RZ2 zoning for potential future development
.build your dream home on a level sunny optimum block
Land size: 768m2 (approx.)
Living size: 119m2 (approx.)
Land value: $723,000
Land rates: $4,691.13pa (approx.)
Land tax: $7,809.00pa (approx.) only if rented
Year built: 1952 (approx.)
disclaimer. the information contained herein is gathered from sources we consider to be reliable, however home.byholly accepts no responsibility for inaccuracies. Interested parties must solely rely on their own enquiries and confirm all information provided.
In line with the ACT governments mandate to wear a face masks in indoor and public places please be aware that at all home.byholly open homes, private inspections and auctions you will be required to wear a face mask. No face mark = no entry to any open homes, private inspections, or auctions.
29 Waratah Street