40 Olympus Way

Lyons ACT 2606

When you venture to the rear of the home, there is a large, concreted area, perfect for entertaining guests and large family gatherings. We imagine many a tomato passata or salami making day (or the like) have occurred across its floors, and when the day was done, the family unfolded some extra trestle tables and chairs and enjoyed a meal together laughing over the chaos that ensued earlier.

The storage shed around the side of the house could have housed the equipment and there's even an area that seems perfect for smoking cold meats?

It's in the backyard that you'll discover just how vast this property is. Split into separate tiers by solid stone retaining walls are strips of enormous grass landings. The opportunity to extend back here is exhilarating, especially when you consider the views that are yet to be captured to their full potential.

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Features Overview:
Solid double brick home situated on the high side of a quiet loop street
Huge, tiered 1286m2 block
Ability to knock down and rebuild or simply extend and create a massive family home
Sweeping vistas across the Woden Valley to the East
Backing the Oakey Hill nature reserve to the West with access to walking, running and mountain biking trails
Vacant possession and immediate occupation available, even prior to settlement if required
Flexible settlement options available if you have another property you want, or need, to sell

The Numbers (approx):
Living area: 105m
Garage: 23m
Block size: 1286m
Age: 54 years (built 1968)
General rates: $4,935 p.a.
Water rates: $680 p.a.
Land tax (investors only): $8,543 p.a.
Conservative rental estimate (unfurnished): $830/wk
EER (Energy Efficiency Rating): 1 star with potential for 6 stars

Inside:
High ceilings
Tiled entry, kitchen and meals area
Timber-look laminate flooring throughout living room and bedrooms
Updated kitchen has stone benchtops, stainless steel dishwasher, 1.5 bowl sink, stainless steel oven, four-burner electric cooktop, rangehood, tiled splashback and outlook into garden
Light-filled, elevated living area with views and wall mounted reverse cycle air conditioning unit
Main bedroom with double swinging built in robes and elevated outlook towards Woden
Bedroom two has double built-in robe and window looking out to grassed side yard
Bedroom three has three-door built-in robe with same aspect as bedroom two to side yard
Updated separate toilet room and updated bathroom with corner shower, bath, and vanity
Laundry in original condition with large tub and direct access outside onto landing with 2 stairs leading to backyard

Outside:
One and a half-sized garage under with store room to side and high ceilings
Front terrace at entry with sweeping views across Woden Valley
European style front yard with grassed area and rose bush hedging, lined with Italian Cypress trees
Paved and concreted rear yard with large, enclosed storage shed and neighbouring covered workshop area
Enormous, tiered back garden with long grass landings, stone retaining walls, fencing, garden beds and hills hoist clothesline