The mind boggles with the possibilities available to develop this large town block. High and dry, this block lends itself to unit development. With older style units within close proximity to this allotment and with a current vacancy rate of 0%, any new units would be welcomed by tenants looking for a home.
With a tenant in place the current dwelling returns $190 rent per week, so time to plan, submit an application and get approval for any future development you can envisage. The basic one bedroom existing home could become a caretaker's residence with access to the rear of the block alongside this dwelling. If you have been considering such a development, this is the perfect opportunity to purchase a large parcel of land within a residential area.
Inspections
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Contact Sue Perry to learn more about this property, request an inspection or take an online tour.
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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.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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.