SOLD
Sold on 26 Mar 2024 for $1,125,000

5 Derry Street
Monash ACT 2904

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 180m2
Land area: 1302m2
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Property Details for 5 Derry St, Monash

5 Derry St, Monash is a 0 bedroom, 0 bathroom House with 3 parking spaces and was built in 1978. The property has a land size of 1302m2 and floor size of 180m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 0 bedroom House sold in Monash in the last 12 months.

Building Type
House
Year Built
1978
Floor Size
180m2
Land Size
1302m2
Local Government
Tuggeranong
Lot/Plan
MONASH: Block 4, Section 123

Last Listing description (April 2024)

*** SOLD PRIOR. AUCTION CANCELLED ***

Welcomed to the market is this rare and unique RZ2 block of land, offering two homes on one block. Nestled within the charming streets of Monash, number 5 presents an exceptional opportunity for those seeking a property with dual residences. This battleaxe property has ample potential for developers, investors, or large blended families.

The main residence is a spacious abode featuring four bedrooms, two bathrooms, a large open-plan living area, and a gorgeous spinner fireplace. This home is designed to cater to the needs of modern living. Additionally, the opportunity to install a driveway from the front entrance off Harricks Crescent.

Adjacent to the main house is the beautiful granny flat offering a cozy and self-contained living space featuring two bedrooms and a well-appointed bathroom, this secondary residence can be used for extended family members, guests, or potential rental income.

Opportunities like this are indeed rare within Tuggeranong, a large RZ2 land holding. Ideally suited for investors after long-term hold with a strong rental yield, developers who can see the future potential in redeveloping the site, families who perhaps want to live on one home and have rental income on the other, or multi-generational families with live-in family, the options are endless!

Features Include:
- Large 1301m2 block of land
- Unique RZ2 zoning
- Walk to Monash shops and local schools
- Battleaxe

Main Residence
- Single level residence
- Master bedroom with walk-in robe
- Three generous bedrooms with built-in robes
- Two bathrooms (main and ensuite)
- Separate powder room
- Freshly painted throughout
- New LED lights throughout
- Updated power points to kitchen
- Double garage with workshop/toolshed
- Ducted heating and cooling throughout (2 zones)
- Two generous living rooms both formal and informal dining
- Stunning high ceilings with timber features to formal living space
- Separate laundry
- Spinner fireplace with beautiful brick feature
- Spacious kitchen with quality appliances including Westinghouse gas cooktop, oven and LG dishwasher and stainless steel rangehood
- Vertical and block out blinds throughout
- Covered alfresco with ceiling fan
- Solar panels (1 x 3 phase 5kw & 1x1.5kw single phase)
- Rain water tank (14,000L)
- Single split system air conditioning (in living space off kitchen)
- Established gardens to fa?ade

Residence 2 (Granny Flat)
- Built 2023
- Cubitt's granny flat
- Two generous bedrooms with built-in robes
- Generous bathroom with floor-to-ceiling tiles and single basin
- Designer kitchen with ample storage space and quality Omega appliances
- Generous living/dining space
- Large spacious laundry with powder room and ample storage
- Floating floorboards throughout
- Near new roller blinds throughout
- Single split system air conditioning
- Pergola off the entrance to granny flat
- Beautiful grassed area
- Single carport with workshop/toolshed

EER Residence 1: 4.0 stars
EER Residence 2: 6.0 stars
Block: 1301m2
Residence 1: 183.59m2
Residence 2: 70m2
Garage: 43.80m2
Carport & Shed: 45m2

Rates: $4,168.66 per annum approx.
Land Tax: $4,168.68 per annum approx. (only paid by investors)

Property History for 5 Derry St, Monash, ACT 2904

A timeline of how this property has performed in the market
Last Sold
$1,125,000
26 Mar 2024
  • 26 Mar 2024
    Sold for $1,125,000
  • 07 Mar 2024
    Listed for Sale Not Disclosed
  • 10 Oct 2019
    Sold for $705,000
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About Monash 2904

The size of Monash is approximately 3.4 square kilometres. It has 11 parks covering nearly 20.4% of total area. The population of Monash in 2011 was 5,422 people. By 2016 the population was 5,436 showing a population growth of 0.3% in the area during that time. The predominant age group in Monash is 50-59 years. Households in Monash are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Monash work in a professional occupation. In 2011, 74.4% of the homes in Monash were owner-occupied compared with 73.5% in 2016.

Monash has 2,410 properties. Over the last 5 years, Houses in Monash have seen a 43.35% increase in median value, while Units have seen a 53.80% increase. As at 31 October 2024:

  • The median value for Houses in Monash is $943,419 while the median value for Units is $693,834.
  • Houses have a median rent of $680 while Units have a median rent of $570.
There are currently 5 properties listed for sale, and 2 properties listed for rent in Monash on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Monash.

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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.