Zoned for redevelopment

The ex-govie is a common housing type across Canberra and one of the most sought-after among young Canberrans looking to establish a future family home. But this one is an especially exceptional find, given its versatility and potential.

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We purchased the property prior to auction on behalf of our Australia-based clients, who were looking to use it as an investment. The intention was to elaborate on the existing property to create further equity, through either a cosmetic or more significant structural renovation.

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The home is already extremely well-presented and in lease-ready condition, but we see a lot of exciting potential.

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It sits on a level 760sqm RZ2 block with a 20-metre frontage, meaning we could look to subdivide the property in the future. Further down the line, also the possibility of accommodating a cosmetic or more significant structural renovation to boost the home’s equity even more.

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