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Overview
Positioned in a quiet cul-de-sac on a substantial 1,063 square meter RZ2-zoned block, this property offers an exceptional opportunity for developers, investors, and land-bank buyers. The existing three-bedroom home provides comfortable accommodation, complemented by an expansive backyard and a detached garage, offering ample space and flexibility. This property presents immediate holding income potential alongside significant long-term upside, making it suitable for a variety of buyer profiles.
Enhancing its appeal, draft Development Application (DA) plans for three townhouses have been commissioned, giving purchasers a valuable head start in exploring redevelopment possibilities. These draft plans are available for review and may assist buyers in assessing potential development outcomes, subject to obtaining all necessary approvals.
Whether buyers choose to pursue the existing concept or engage their own architects and consultants to explore alternative designs, this sizeable RZ2-zoned landholding offers flexibility and scope in an increasingly sought-after location. All development opportunities remain subject to ACT Government approval.
Features:
- Substantial 1,063 square meter block in a quiet cul-de-sac location
- RZ2 (Suburban Core) zoning offering future development potential (subject to approval)
- Vendor-prepared draft plans available for three townhouses
- Comfortable three-bedroom home with immediate holding income potential
- Updated kitchen equipped with electric cooking, dishwasher, and stainless steel appliances
- Combined living and dining area
- Timber floorboards throughout the home
- Three well-proportioned bedrooms, two featuring built-in wardrobes
- Updated bathroom with bathtub and separate toilet
- Ducted heating and split-system air conditioning for year-round comfort
- Detached single garage plus additional off-street parking
Local Market Insights
In Narrabundah, Quiet Listings observed 2 new houses entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $1,375,000. The property type mix of listed properties is predominantly Apartments at 54%, followed by townhouses (31%), and houses (15%). Maloney's Property was the most active agency in this area, representing 38.5% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| By Negotiation | |
| Contact Agent | |
| Offers Over $1,499,000 |
Location
Narrabundah ACT 2604
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 104 m² |
Market Insights for Narrabundah ACT 2604
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