18 Dominion CircuitForrest ACT 2603
Property Details for 18 Dominion Cct, Forrest
Last Listing description (November 2021)
Perfectly positioned on the corner of Franklin Street and Dominion Circuit, this potential development opportunity is a rare find in arguably Canberra's most premier suburb. You will be just a five minute walk to the Manuka Village, ten minutes to Kingston and the Parliamentary Triangle, fifteen minutes to Lake Burley Griffin and a short drive to the CBD. The property is also located within the Forrest Primary School, Telopea High School and Narrabundah College catchment zones, as well as walking distance to several great Private Schools such as Canberra Grammar, St Edmund's and St Clare's.
The property is RZ2 zoned which means development and a dual-occupancy residence is possible. The dual frontage block has two existing driveways which will make development of two townhouses easy as both will have their own private entrances and garaging. This will give the separation needed for both properties to feel like their own private residence.
The property could also be kept as a single residential property. The location is a great spot for a family to grow up given its location as listed above. The existing house does require some renovation work, but the rooms are all a great size and there is the scope for extension to the rear of the property.
In Summary:
- 769m2 of RZ2 zoned land
- Fantastic corner location with northern and western orientations
- Dual driveway access
- Walking distance to the best the Inner South has to offer
- Great school catchment zones
Property History for 18 Dominion Cct, Forrest, ACT 2603
- 12 Nov 2021Sold for $2,800,000
- 27 Oct 2021Listed for Sale Auction on 20/11/2021 at 10:00AM
- 10 Sep 1999Sold for $460,000
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0About Forrest 2603
The size of Forrest is approximately 1.6 square kilometres. It has 7 parks covering nearly 10.1% of total area. The population of Forrest in 2011 was 1,468 people. By 2016 the population was 1,602 showing a population growth of 9.1% in the area during that time. The predominant age group in Forrest is 50-59 years. Households in Forrest are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Forrest work in a professional occupation. In 2011, 69.6% of the homes in Forrest were owner-occupied compared with 62.4% in 2016.
Forrest has 1,248 properties. Over the last 5 years, Houses in Forrest have seen a 56.12% increase in median value, while Units have seen a 23.87% increase. As at 30 September 2024:
- The median value for Houses in Forrest is $3,934,432 while the median value for Units is $869,541.
- Houses have a median rent of $723 while Units have a median rent of $620.
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