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50 Mugga Way, Red Hill ACT 2603

Land3.5
Block size: 3143 m² approx.UV: $2,585,000 (2020)

Outstanding opportunity to build on Mugga Way

A rare opportunity exists on the 'Golden Mile' to secure a magnificent 3143m2 parcel of land in one of Canberra's most desirable and prestigious locations.  

The block offers absolute prime positioning, well set back on the block and slightly elevated backing nature reserve with private rear access on to Red Hill.

The world beyond high hedging provides a variety of possibilities. Currently a small two-bedroom dwelling exists on the block allowing a resident instant accommodation while plans are in progress to build either one substantial beautiful executive residence or two premium residences on land holdings of over 1500m2 (subject to approval).

Central positioning offers a lifestyle of convenience close to both the Canberra Grammar School and Canberra Girls Grammar, popular shops, restaurants and cafes in Manuka, Deakin, Red Hill, Kingston, as well as close proximity to Parliamentary Triangle, Lake Burley Griffin and other Canberra icons.

Features:
• Absolute prime location on the Golden Mile in desirable, tightly held territory
• Rare opportunity to build a substantial sized dream residence or 2 premium residences (subject to approval) backing Red Hill nature reserve with private rear access to Red Hill
• Expansive 3143m2 block of land with 50% plot ratio
• 46 metre street frontage, depth of 67 metres (approx)
• Set well back on the block, slightly elevated with northerly aspect
• Currently provides a 2-bedroom, 1 bathroom dwelling
• Prime convenient inner south location with a short walk to Manuka, Red Hill, Deakin shops and both Grammar schools.
Can I afford this property?

Inspections

No open inspections scheduled.

Send an enquiry

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

Auction

Sunday 28 February, 10:00am
On-Site

Key details

Property Type:Land
Block:7
Section:16
Block Size:3143 *
Unimproved Value:$2,585,000 (2020)
Rates (Residential):$15,933*
Rates (Commercial):$132,425*
Rates (Rural):$4,465*
Land Tax (Residential):$28,408*
*These are approximate values based on available information.

Past sales

Property History
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Blackshaw Manuka

Maps and area information

Land Details
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Block information
Block 7 Section 16 Red Hill
Block size: 3143 (approx)
Unimproved value: $2,585,000 (2020)
Legal description: CANB/REDH/16/7/
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2021.
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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.
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Enrolment areas for ACT public schools.

What's nearby

St Bede's Primary SchoolPrimary School
1km
Telopea High SchoolHigh School
2.3km
The Canberra HospitalHospital
2.4km
Woden PlazaMajor Shopping Centre
3.6km
Australian National UniversityUniversity
5.8km
St Bedes CollegeCollege
1km
Red Hill Post OfficePost Office
1.3km
Canberra Institute Of TechnologyTafe
2.9km

Property history
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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
27 Feb 2021
Sold at auction
Blackshaw Manuka
Contract: 27/02/2021
Listed: 28/01/2021
Days on market: 30
Block size: 3143m²
Transfer type: Full transfer
26 May 2017
Sold
$2,700,000
Contract: 26/05/2017
Transfer: 26/05/2017
Block size: 3143m²
Transfer type: Full transfer
Purpose: Single residential dwelling
07 Apr 2010
Sold at auction
Peter Blackshaw Woden and Weston Creek - Rentals
$2,510,000
Contract: 07/11/2009
Transfer: 07/04/2010
Listed: 12/10/2009
Days on market: 26
Block size: 3143m²
Transfer type: Full transfer
Purpose: Single residential dwelling

Suburb and property insights

Median salesMedian salesUnimproved value for 50 Mugga WayUnimproved value for 50 Mugga Way
Median Sale Price For Red Hill
$1,512,500
Average Age
44 years
Population
3,170
Red Hill's Property Profile
Red Hill's Occupancy
Average Age
44 years
Population
3,170
Red Hill's Property Profile
Red Hill's Occupancy

Contact agents

Blackshaw Manuka

Blackshaw Manuka

View agency details
Mario SanfrancescoBlackshaw Manuka
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Listing ID: 179150275. This listing has been viewed 4239 times. It was first displayed on 28/01/2021 and last updated on 27/02/2021.