SOLD
Sold on 20 Sep 2024 for $855,000

4 Ulva Place
Macquarie ACT 2614

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 136m2
Land area: 867m2
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Property Details for 4 Ulva Pl, Macquarie

4 Ulva Pl, Macquarie is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1968. The property has a land size of 867m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 3 bedroom House sold in Macquarie in the last 12 months.

Building Type
House
Year Built
1968
Floor Size
136m2
Land Size
867m2
Local Government
Belconnen
Lot/Plan
MACQUARIE: Block 13, Section 4

Last Listing description (October 2024)

Unlock the potential of this prime real estate in the highly sought-after suburb of Macquarie, Canberra.

This substantial 867 sqm block, zoned RZ2, offers a prime opportunity for developers and investors to capitalize on the growing demand for high-quality housing in one of Canberra's most desirable locations.

The home currently located at 4 Ulva Pl is a 3-bedroom, 1 bathroom property that has been extended. Originally built in 1968, the home has been extended twice to add a second living area and a sunroom. Additional improvements to the property are air-conditioning and solar panels providing you with cheaper source of electricity.

Key Features:
? Zoned RZ2: The property is situated on a block zoned RZ2, which allows for a range of residential developments including dual occupancies, townhouses or adaptable housing (subject to council approval). This zoning provides flexibility to create innovative residential solutions.
? Generous Land Size: With a spacious 867 sqm land area, the site provides ample room for creative development strategies, enabling developers to maximize the block?s potential.
? Current Dwelling: The property currently features a three-bedroom, one-bathroom house that is vacant and requires clearing and refurbishment before it can be occupied. This presents a unique opportunity for redevelopment or renovation.
? Prime Location: Conveniently located in Macquarie, the property is within close proximity to essential amenities including the Jamison Centre, Belconnen Town Centre, and Canberra City. Residents will benefit from easy access to public transport, schools, parks, and recreational facilities.
? Market Demand: Macquarie is a highly desirable suburb known for its strong capital growth and demand for new residential developments. This property offers an attractive investment opportunity in a thriving area.

Additional Features:
? Close to educational institutions such as the University of Canberra and Radford College
? Easy access to major roads and transport links
? Established neighbourhood with a vibrant community
? Potential for high resale value or lucrative long-term rental income after development

This is an exceptional chance to acquire a development/renovation site in one of Canberra's most promising suburbs. Whether you are looking to build and sell or hold for future growth, this property provides a solid foundation for a successful development or renovation project.

Contact Vinko on 0410 636 045 today to arrange an inspection and explore the potential of this outstanding opportunity.

Property History for 4 Ulva Pl, Macquarie, ACT 2614

A timeline of how this property has performed in the market
Last Sold
$855,000
20 Sep 2024
  • 20 Sep 2024
    Sold for $855,000
  • 14 Aug 2024
    Listed for Sale By Negotiation

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About Macquarie 2614

The size of Macquarie is approximately 1.7 square kilometres. It has 14 parks covering nearly 13.4% of total area. The population of Macquarie in 2011 was 2,557 people. By 2016 the population was 2,698 showing a population growth of 5.5% in the area during that time. The predominant age group in Macquarie is 30-39 years. Households in Macquarie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Macquarie work in a professional occupation. In 2011, 58.3% of the homes in Macquarie were owner-occupied compared with 55.8% in 2016.

Macquarie has 1,574 properties. Over the last 5 years, Houses in Macquarie have seen a 35.87% increase in median value, while Units have seen a 41.11% increase. As at 31 January 2025:

  • The median value for Houses in Macquarie is $898,095 while the median value for Units is $547,209.
  • Houses have a median rent of $635 while Units have a median rent of $568.
There are currently 8 properties listed for sale, and 6 properties listed for rent in Macquarie on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Macquarie.

Suburb Insights for Macquarie 2614

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Disclaimer
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.