87 Lorraway StreetHolt ACT 2615
Property Details for 87 Lorraway St, Holt
87 Lorraway St, Holt is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 2019. The property has a land size of 325m2 and floor size of 113m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (December 2022)
Below replacement cost!
As your family grows or changes, this home will adapt effortlessly to your life. For the astute investor, there is the benefit of the combined high rental yield as well as massive depreciation since the building was completed in 2019, with plenty of depreciation left in the tank. Vacant and ready to move into, the attractive, versatile home, with its distinctive second residence upstairs, will cater to every type of family. Large families will love the option of a private retreat for parents, teenagers, or grandparents. The upstairs portion of the home could also be used as a separate office area or to generate rental income.
Feel instantly welcomed as you breeze through the extra wide entrance, through the spacious halls, and onto the delightful kitchen and living room. Relish in the space and function of the designer kitchen, featuring a stone island bench, butlers pantry, striking splashback and Bosch appliances, including a five-burner gas cooktop. Dine inside in comfort with ducted heating and cooling, or head outside to the private, and vibrant all-weather alfresco entertaining area. Downstairs, there's plenty of space for the family, with three bedrooms and a lux bathroom with freestanding soaking tub, and easy internal access from the double garage. Rental returns have been appraised at $850 - $900 per week for the entire residence, or $600 - $650 for the downstairs abode.
The upstairs residence can function as a separate home, or be integrated to serve as guest quarters, parent's or teen retreat, or savvy buyers can live upstairs and rent out the downstairs house. There's a modern, fully-equipped kitchen, and a dining and lounge area. Plus, there are two good-sized bedrooms with built-in robes, one family bathroom (including a bath), a powder room and a linen cupboard. Rental returns have been appraised at $500 - $550 per week.
As you would expect from a beautiful modern home, there are downlights throughout, dual-zone ducted reverse cycle air-conditioning, ample storage space, digital keypad entry, NBN connection, and quality finishes. Plus, a well-manicured corner block close to the Magpies Belconnen Golf Club, schools, shops and so much more.
Main residence:
- Rental opportunity of $600 - $650
- Double remote garage with internal access
- Ducted Reverse cycle air conditioning
- Huge kitchen with a large stone island bench (40 mm)
- Two BIRs and Coats
- Freestanding bath
- Full laundry
- Alfresco area - fully covered and tiled entertainment area
- Fenced backyard
Secondary residence:
- Rental opportunity of $500 - $550
- Separate entrance to main residence
- Modern Full Kitchen
- Ducted Reverse cycle air conditioning
- Master bedroom with WIR and second bedroom with huge BIR
- Powder room and Linen cupboard
- Built-in bath
Rental appraisal:
- Main residence: $600 - $650 per week
- Secondary residence: $500 - $550 per week
- The house as a whole: $850 - $900 per week
General Features:
- Two homes in one
- Modern kitchens, Bosch appliances used.
- NBN
- Double glazed windows
- Two Rinnai hot water systems
- Two separate zoned ducted reverse cycle air conditioning units
- Two bathrooms and one powdered room
- 2000 litre water tank
- Dual zones are separately metered for electricity, but gas and water are shared
- Color bond roof
- Double Garage Area: 38sqm
- Alfresco Area: 9 Sqm
- Ground Floor Area: 117.80 Sqm
- First Floor Area: 78 Sqm
- Porch Area: 3 Sqm
- Total Ground Floor Area: 167.80 Sqm
- Total Area: 245.80 Sqm
- Block: 325m2
- Land Unimproved Value: $278,000
- Age: 2 years. Built 2019
- General rates: $552 p.q.
Property History for 87 Lorraway St, Holt, ACT 2615
- 09 Dec 2022Sold for $987,000
- 24 Aug 2022Listed for Sale $980,000+
- 02 Mar 2022Listed for Sale $1,079,000+
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About Holt 2615
The size of Holt is approximately 3.3 square kilometres. It has 14 parks covering nearly 30.3% of total area. The population of Holt in 2011 was 4,814 people. By 2016 the population was 4,609 showing a population decline of 4.3% in the area during that time. The predominant age group in Holt is 30-39 years. Households in Holt are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Holt work in a professional occupation. In 2011, 69.4% of the homes in Holt were owner-occupied compared with 67% in 2016.
Holt has 2,672 properties. Over the last 5 years, Houses in Holt have seen a 53.14% increase in median value, while Units have seen a 41.61% increase. As at 31 October 2024:
- The median value for Houses in Holt is $754,544 while the median value for Units is $533,507.
- Houses have a median rent of $620 while Units have a median rent of $540.
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