35 Wittunga CrescentBanks ACT 2906
Property Details for 35 Wittunga Cres, Banks
35 Wittunga Cres, Banks is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 631m2 and floor size of 217m2. While the property is not currently for sale or for rent, it was last sold in August 2016.
Last Listing description (November 2016)
If you are keen to invest in Canberra real estate, this DHA leased investment is the easiest way to become a property investor. Enjoy the many benefits of owning a property leased by Defence Housing Australia. A DHA lease provides a guaranteed long term rental income with annual rent reviews, comprehensive and professional property management as well as generous restoration provisions at lease-end. No vacancies, no late rent, no hassles!
Easy living, clean line contemporary designed home, offering the highest quality of fixtures and fittings. The eye pleasing modern architectural features and decor are enhanced by the spacious proportions of this four bedroom home with three living areas. As the floorplan shows, the third living area could easily be reconfigured to a 5th bedroom, subject to usual approvals after the lease period has finished. The sun bathed informal living areas afford astonishing views of the Brindabellas and flow to rear entertaining courtyard. There is no compromise on quality, style and size.
This stunning contemporary home is positioned high on the hill and is surrounded by other quality homes. The single level design incorporates 216m2 of living area, plus double garage and outdoor entertaining area.
- 4 bedroom ensuite home - single level design
- Contemporary design with high ceilings throughout living areas
- Modern stone kitchen and spotless bathrooms
- Formal and informal living areas with an abundance of northern sun
- Third living area of rumpus room or 5th bedroom redesign after lease concludes
- Double garage with internal access
- Elevated position with distant views
- Only minutes to popular primary schools, high schools and the Lanyon Market Place
- DHA leased until April 2022 plus a 3 year option
Living: 216.35m2
Garage: 39.3m2
Total Residence: 255.65m2
EER: 4.5
Land Size: 631m2
Land Tax: $2,879 pa (approx.)
Land Value: $313,000 (approx.)
Land Rates: $1,991 pa (approx.)
DHA End of Lease: 13/04/2022
Lease options: 1 x 3 years (at DHA discretion)
Right to Vary Available: Plus/Minus 1 x 12 month reduction or extension (at DHA discretion)
Gross Rent: $600 per week with annual reviews
Gross Yield of 5.03% calculated on $620,000 sale price
This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to read about the benefits of investing in Defence Housing Australia property.
Property History for 35 Wittunga Cres, Banks, ACT 2906
- 22 Aug 2016Sold for $620,000
- 30 Jul 2015Listed for Sale $599,000
- 18 Mar 2010Sold for $580,000
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0About Banks 2906
The size of Banks is approximately 2.3 square kilometres. It has 8 parks covering nearly 13.3% of total area. The population of Banks in 2011 was 5,060 people. By 2016 the population was 4,966 showing a population decline of 1.9% in the area during that time. The predominant age group in Banks is 0-9 years. Households in Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banks work in a clerical occupation. In 2011, 79.3% of the homes in Banks were owner-occupied compared with 78.1% in 2016.
Banks has 1,916 properties. Over the last 5 years, Houses in Banks have seen a 45.54% increase in median value, while Units have seen a 63.93% increase. As at 31 October 2024:
- The median value for Houses in Banks is $811,722 while the median value for Units is $668,507.
- Houses have a median rent of $615 while Units have a median rent of $560.
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