Sold
$1,021,000
agency logo

34 Gungahlin Place, Gungahlin ACT 2912

House
4325.5
Block size: 225 m² approx.UV: $338,000 (2023)

Prime Investment Opportunity: Dual-Unit Property with CZ5 Zoning!

If you're seeking a property with stellar investment potential and a prime location, look no further. This impressive home is zoned CZ5 for mixed-use commercial/residential purposes, offering a primary residence and an additional self-contained unit. The flexibility is yours – reside in one and lease the other or capitalise on both for attractive returns.

The main two-story home boasts three bedrooms and two bathrooms. The well-appointed kitchen, located on the lower level, features modern appliances. The bright dining and family room seamlessly connect to the outdoor entertaining area.

Above the double garage, a generously-sized one-bedroom unit awaits, complete with its own entrance, balcony, bedroom, living room, kitchen, and bathroom.

This property, with its dual units, presents excellent investment potential. You can choose to rent out the self-contained unit long-term or Airbnb the entire property, generating an estimated annual income of around $75,000. This versatility allows you to adapt to market trends and maximise returns.

Don't miss out on the opportunity to explore this property with its investment potential and superb location. It's a must-see for those prioritising both value and prime positioning.

Features:
- Unique combination of a self-contained unit and a main house.
- CZ5 mixed use zoned block
- Primary residence with three bedrooms and two bathrooms.
- Additional independent one bedroom unit.
- Flexible living arrangements - live in one, rent out the other.
- Well-appointed kitchen with modern appliances.
- Open dining and family room.
- Master bedroom with walk-in wardrobe, balcony, and ensuite bathroom.
- Two secondary bedrooms both feature built-in robes.
- Generously-sized one bedroom unit.
- Dual entrances for convenience.
- Prime location, 500 meters from Gungahlin Town Centre, shops, and the Light Rail stop.

Essentials:
Combined Rental Income: $1150pw
Self-Contained Unit only: $450pw
AirBnB Estimate: $75,000 per annum approx.
EER 5.5

Main Residence: Living 135m²
Studio Living: 46m²
Garage 46m²
Rates $2,233*
Land Tax $3,192*
Features
  • Allocated Car Spaces
nbn® Fibre to the Premises (FTTP) is available in this property
Max wholesale speed tier available: nbn® Home Ultrafast

Inspections

No open inspections scheduled.

Send an enquiry

Contact Paul Heymel to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
4
Bathrooms:
3
Parking:
2
Property type:
House
Block Size:
225 *
EER:
5.5
Unimproved Value:
$338,000 (2023)

Other Details

Block:
12
Section:
80
Rates (Residential):
$2,233*
Rates (Commercial):
$12,771*
Rates (Rural):
$839*
Land Tax (Residential):
$3,192*
Legal description:
GUNG/GUNG/80/12
nbn® availability:
nbn® Fibre to the Premises (FTTP)
*These are approximate values based on available information.
VERV Property

Maps and area information

Land Details
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Using overlays will allow you to see details such as school catchments, zoning and easements.
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Block information
Block 12 Section 80 Gungahlin
Block size: 225 (approx)
Unimproved value: $338,000 (2023)
Legal description: GUNG/GUNG/80/12
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

What's nearby

Good Shepherd Primary SchoolPrimary School
2km
Burgmann Anglican SchoolHigh School
1.2km
Calvary Private HospitalHospital
8.7km
The MarketplaceMajor Shopping Centre
0.4km
University Of CanberraUniversity
7.7km
Gungahlin CollegeCollege
0.5km
Gungahlin Post OfficePost Office
0.4km
Aust. Defence AcademyTafe
12km

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
31 Jan 2024
Sold
VERV Property
$1,021,000
Contract: 31/01/2024
Listed: 12/10/2023
Days on market: 111
Transfer type: Full transfer
18 Jun 2018
Sold
$700,000
Contract: 19/03/2018
Transfer: 18/06/2018
Block size: 225m²
Transfer type: Full transfer
Purpose: Single residential dwelling
17 Aug 2015
Sold
POD Projects Group
$624,950
Contract: 17/08/2015
Listed: 22/05/2015
Days on market: 87
Block size: 225m²
Transfer type: Full transfer
07 Nov 2007
Sold
$150,000
Contract: 03/08/2007
Transfer: 07/11/2007
Block size: 225m²
Transfer type: Full transfer
Purpose: Single residential dwelling

Gungahlin suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
32 years
Population
8,586
Unimproved value for Gungahlin
$338,000
Listing ID: 181997548. This listing has been viewed 2217 times. It was first displayed on 12/10/2023 and last updated on 12/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.