Developers Dream: RZ3 Opportunity on 1211 m2 corner block of Land!
Investors, developers, and dream-home enthusiasts get ready to seize an incredible opportunity. Set on a sprawling 1211 m2 block of land, this property offers an immaculate canvas for your vision and the potential to create something truly exceptional.
Key Features:
• Generous Size: With a spacious layout spread across 1211 square meters on a corner block, the potential for development is vast! Let your imagination run wild and craft a remarkable project tailored to your exact specifications.
The good news for investors is this property already has 3 separate residents with tenants and high rental income. All 3 kitchens, bathrooms, and toilets are renovated, and heating and cooling systems bring comfort and value to the house.
• Prime Location: Situated in a sought-after area, this property benefits from an existing RZ3 zoning designed to encourage medium-density housing development. Take advantage of an increasingly popular suburb garnering both interest and investment from buyers and renters alike.
• Versatile Layout: This property boasts 5 bedrooms and 3 bathrooms, providing ample space to suit a range of development possibilities. From modern townhouses to upmarket apartments, the options are only limited by your creativity.
• Investor Potential: With the growing market demand for well-located, multi-unit dwellings, this property presents an incredible opportunity for investors seeking robust returns and long-term prosperity.
Act Now!
Don't miss the chance to secure this prime piece of real estate, ripe for development. Whether you plan to create a profitable investment or design your dream home, this property offers endless possibilities. Act swiftly to make this exceptional opportunity yours!
Contact Rahi on 0481 081 251 or Nader on 0481 084 174 today to arrange an inspection and discuss the endless potential that awaits you. Opportunities like this are few and far between, so don't delay – make your mark on the sizzling real estate market today!
nbn® Fibre to the Node (FTTN) is available in this property
Max wholesale speed tier available: nbn® Home Fast
In displaying this information, Allhomes relies on information supplied by nbn. Connection data presented may change from time to time, may not be accurate, complete, up to date, and may not have been validated for accuracy, completeness or reliability.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Team Rahi and Nader to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
5
Bathrooms:
3
Carport spaces:
2
Property type:
House
Block Size:
1211 m²*
EER:
2
Unimproved Value:
$1,911,000 (2023)
Other Details
Block:
13
Section:
47
Rates (Residential):
$9,229*
Rates (Commercial):
$84,513*
Rates (Rural):
$1,950*
Land Tax (Residential):
$18,099*
Legal description:
CANB/TURN/47/13
nbn® availability:
nbn® Fibre to the Node (FTTN)
*These are approximate values based on available information.
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
Turner PrimaryPrimary School
0.4km
Lyneham HighHigh School
1.8km
Calvary Private HospitalHospital
4.1km
Canberra CentreMajor Shopping Centre
1.4km
Australian National UniversityUniversity
1.6km
Merici CollegeCollege
0.9km
O'connor Post OfficePost Office
0.7km
Aust. Defence AcademyTafe
3.9km
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.
18 Feb 2013
Sold
Wright Dunn Real Estate
$880,000
Contract: 05/12/2012
Transfer: 18/02/2013
Listed: 20/09/2012
Days on market: 76
Block size: 1211m²
Transfer type: Full transfer
Purpose: Single residential dwelling
16 Sep 2010
Sold at auction
LJ Hooker Dickson
$935,000
Contract: 31/07/2010
Transfer: 16/09/2010
Listed: 06/07/2010
Days on market: 25
Block size: 1211m²
Transfer type: Full transfer
Purpose: Single residential dwelling
Turner suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
31 years
Population
4,470
Unimproved value for Turner
$1,911,000
Listing ID: 181961463. This listing has been viewed 8605 times. It was first displayed on 28/09/2023 and last updated on 18/04/2024.
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.