Overview
Set on a generously sized and elevated 1,106 square metre block, this property in Wanniassa offers a significant opportunity for buyers seeking either a substantial redevelopment site or a family home with room to expand. The existing residence, constructed in 1985, features a split-level layout that efficiently uses its 102 square metres of internal space to provide a practical three-bedroom, one-bathroom footprint. This solid structure forms an excellent base for a complete architectural renovation or a potential knock-down rebuild, accommodating a variety of buyer intentions.
Located in a tranquil and established suburb, the property enjoys leafy surroundings and quality neighboring homes, enhancing the street appeal and lifestyle potential. This setting is particularly attractive for families and builders keen to invest in an area known for its community amenities and convenience.
- Excellent block size and elevation providing expansive scope for extension or rebuilding
- Existing functional home with a practical three-bedroom layout and potential for modernisation
- Peaceful suburb position with proximity to quality schools, shopping, and healthcare facilities
The location boasts close access to numerous educational institutions including Wanniassa School with both junior and senior campuses, St Mary MacKillop College, and Erindale and Tuggeranong Colleges. Retail and dining options are readily available within minutes at Wanniassa Shops, Erindale Shopping Centre, and the Tuggeranong Town Centre. For healthcare and tertiary education needs, CIT Woden and Canberra Hospital are conveniently located approximately 6.2 kilometres away. Recreational amenities including parks, reserves, and sporting ovals further enhance the property's appeal, with dependable public transport options facilitating easy commuting.
This rare landholding promises enduring value and versatility, ideally suited to families seeking space, builders looking for a prime project, or investors aiming for future growth. Its size, position, and solid existing structure collectively offer a platform to unlock significant potential in a tightly held Canberra suburb.
Local Market Insights
In Wanniassa, Quiet Listings observed 4 new houses entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $761,250. The property type mix of listed properties is predominantly Houses at 80%, followed by townhouses (20%). The most active agency for houses in the Wanniassa area is currently Maloney's Property, representing 50% of new listings, followed by Adrian Giampietro - Momentum Property with 25%. 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.