Sold
$715,000

36 Molesworth Street,Watson ACT 2602

House32
Block size: 694 m² approx.House size: 110 m² approx.UV: $496,000 (2019)

Income is the Outcome in the Interim!

Packed with potential and superbly located within a desirable pocket of Canberra's Inner North, this home is a must-view for astute buyers. There's no denying it, there is work to be done here however, the potential to add value is significant.

It's easy to see why this location is sought after. The local Watson shops are vibrant with The Knox Cafe and gourmet supermarket. Local schools are good and Canberra City is a short drive or Light Rail ride away. With the addition of the Dickson Shops and pool, farmers markets, wineries and walking trails close by, you will be enjoying all that Canberra has to offer without having to travel far.

The home has good bones and is currently split into two dwellings, which astute buyers will recognise as an opportunity. Rent out each dwelling separately or live in one and rent out the other while you plan your renovation. With some clever planning two homes can be turned into one or keep it as is for a solid addition to your investment portfolio.

This is a golden opportunity and a solid investment, so if you are looking for a fixer upper in the Inner North then don't miss out on the amazing opportunity, contact Stephen Bunday now!


Features Include...

- Great Inner North location
- Close to schools, cafes, shops, farmers market and wineries
- Beautiful leafy street
- People are extending, renovating and rebuilding in Molesworth street, so there is no fear of overcapitalising
- An opportunity to create your dream home
- Rent out one or both dwellings
- 2 dwellings (attached) separate entry
- 1 x 2 bedroom 1 x bedsitter

Front dwelling:
- 2 bedrooms, one with robe
- Separate lounge room
- Electric upright stove
- Eat-in kitchen with granite benchtops
- Electric hot water system
- Reverse cycle air-conditioning
- North west to the rear

Rear dwelling:
- Studio style
- Electric upright stove
- Reverse cycle air-conditioning
- Combined laundry/bathroom
- North west to the rear
- Electric hot water system

EER 0.5
Can I afford this property?

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:House
Block:13
Section:4
Block Size:694 (approx)
House Size:110 (approx)
EER:0.5
Unimproved Value:$496,000 (2019)
Stamp Duty:$19,176
Rates:Approx. $3,250 pa (Assuming residential)
Land Tax:Approx. $4,945 pa (If rented out)
 
LJ Hooker Dickson

Maps and area information

Land Details
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Block information
Block 13 Section 4 Watson
Block size: 694 (approx)
Unimproved value: $496,000 (2019)
Legal description: CANB/WATS/4/13/
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2019.
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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

Majura PrimaryPrimary School
0.8km
Lyneham High, LynehamHigh School
3km
Calvary Private HospitalHospital
6km
The MarketplaceMajor Shopping Centre
5.4km
University Of Canberra, BruceUniversity
6km
Dickson CollegeCollege
1.8km
Watson Post OfficePost Office
0.8km

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            Watson Suburb Information

            Median Sale Price For Watson
            $397,000
            Average Age
            35 years
            Population
            5,121
            Watson Profile
            Watson Occupancy

            Contact agents

            LJ Hooker Dickson

            LJ Hooker Dickson

            Licensed Agent & REIACT Member
            REIACT
            View agency details
            Stephen BundayLJ Hooker Dickson
            Please send me information on 36 Molesworth Street, Watson ACT 2602
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            This listing has been viewed 2351 times. It was first displayed on 17/10/19 and last updated on 18/11/19.