FOR SALE
By Negotiation

226 La Perouse Street
Red Hill ACT 2603

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
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Expansive 1000m2 Red Hill Block RZ2 Zoned with Approved Plans

A rare and rewarding development opportunity exists in Red Hill.
Positioned in a RZ2 core area on a 1000m2 block this property represents good value and will be highly sought after by developers, builders or the like. (DA approved plans for separate titled residences subject to meeting all conditions for EPSDD and entities have already been drawn up for a development on this site and are available on request.)
The existing residence is currently positioned in an established tree lined street and the property itself is a simple four-bedroom home, presented in largely original condition. It has a functional layout and has been extended to provide a second living space with the addition of a north facing family room offering a garden outlook.
The property is just a short walk to a range of schools and amenities including Red Hill Primary and Red Hill Shops and cafes.
This is the ideal opportunity to secure the perfect development block.
Features:
- Terry Ring & Associates DA approved plans for separately titled residences subject to meeting all conditions for EPSDD and entities
- Sited on a large block of over 1,000m2 in a RZ2 Suburban Core area
- Ideal development opportunity in a lovely tree lined street
- Original four-bedroom home in a sought-after Red Hill location
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Property Details for 226 La Perouse St, Red Hill

226 La Perouse St, Red Hill is a 4 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for sale with Blackshaw Manuka.

Building Type
House

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About Red Hill 2603

The size of Red Hill is approximately 4.9 square kilometres. It has 18 parks covering nearly 50.4% of total area. The population of Red Hill in 2011 was 3,248 people. By 2016 the population was 3,174 showing a population decline of 2.3% in the area during that time. The predominant age group in Red Hill is 10-19 years. Households in Red Hill are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 63% of the homes in Red Hill were owner-occupied compared with 65.4% in 2016.

Red Hill has 1,619 properties. Over the last 5 years, Houses in Red Hill have seen a 43.72% increase in median value, while Units have seen a 64.06% increase. As at 31 October 2024:

  • The median value for Houses in Red Hill is $2,007,485 while the median value for Units is $821,518.
  • Houses have a median rent of $950 while Units have a median rent of $650.
There are currently 20 properties listed for sale, and 4 properties listed for rent in Red hill on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Red hill.

Suburb Insights for Red Hill 2603

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Mario Sanfrancesco
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Blackshaw Manuka
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.