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Sold on 18 Nov 2024 - Price Unavailable

23 Shumack Street
Weetangera ACT 2614

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Floor area: 202m2
Land area: 644m2
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Property Details for 23 Shumack St, Weetangera

23 Shumack St, Weetangera is a 4 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 644m2 and floor size of 202m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 4 bedroom House sold in Weetangera in the last 12 months.

Building Type
House
Floor Size
202m2
Land Size
644m2

Last Listing description (November 2024)

Enviably positioned within this prestige family friendly suburb, renowned for its safe neighbourhoods; quality public schooling: and broad streetscapes, this instantly impressive four bedroom + studio residence is a special offering, allowing opportunity to be leased or occupied as two dwellings.

Whether you're an investor seeking strong rental returns; in search of comfortable accommodation for extended or multi generational families amidst low maintenance gardens; or you're simply a buyer seeking ownership of a versatile, instantly impressive residence with capacity to also generate a strong rental return to help pay down your mortgage, this seems an offering commonly sought BUT rarely found.

For investors seeking opportunity for short term rental:

• Listing the entire property (5 bedroom, 2.5 bathrooms) could generate around $70,000 per year with a $380-$410 nightly rate at around 50% occupancy;
• Listing just the main house ( 4 bedroom, 1.5 bathroom could generate $59,000 per year with a nightly rate of $280-$305 and around 54% occupancy; and
• Listing the studio alone could generate $36,000 per year with a nightly rate of $130-$150 at around 65% occupancy.

To access short term Rental Appraisal from HOTEL YOUR HOME please click the link below:

https://drive.google.com/file/d/1lpK2Ec10FqCCoZCzR8qTegil1bDbxjfi/view?usp=sharing

For the owner occupier, its design features include:
• Versatile living spaces exude a sense of warmth and flowing space, showcasing timber flooring throughout;
• A seamless transition between indoors and outdoor terraces which extend out to picturesque leafy gardens to the front.
• An updated space efficient kitchen is the focal point of the home for day to day gathering and casual living.
• An adjoining studio offers scope for independent living for adult children or grandparents, or as a lavish segregated parents retreat.
• A rich palette of internal colours will compliment a variety of furnishings and enhance its already vast appeal.

A desirable 'lock and leave' lifestyle available - well positioned to the Belconnen Town Centre could now be as easy as owning and enjoying this one.... Two. Three(23) Shumack Street?!

* Year of original build: 1970
* Living: 149m2+ studio 53m2
* Block: 644m2
* Double glazed windows to front and living areas
* EER: 4.0
* Rates: TBC
* Body Corp: $451.75pq
* Unit Entitlement: 22%

Property History for 23 Shumack St, Weetangera, ACT 2614

A timeline of how this property has performed in the market
Last Sold
18 Nov 2024
Listed for Rent
$850/w
29 Oct 2021
  • 18 Nov 2024
    Sold for $1,100,000
  • 23 Apr 2024
    Listed for Sale $1,200,000
  • 29 Oct 2021
    Listed for Rent $850 / week
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About Weetangera 2614

The size of Weetangera is approximately 1.6 square kilometres. It has 7 parks covering nearly 7.7% of total area. The population of Weetangera in 2011 was 2,609 people. By 2016 the population was 2,571 showing a population decline of 1.5% in the area during that time. The predominant age group in Weetangera is 40-49 years. Households in Weetangera are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Weetangera work in a professional occupation. In 2011, 84.1% of the homes in Weetangera were owner-occupied compared with 83.4% in 2016.

Weetangera has 1,076 properties. Over the last 5 years, Houses in Weetangera have seen a 43.56% increase in median value, while Units have seen a 49.05% increase. As at 30 November 2024:

  • The median value for Houses in Weetangera is $1,310,524 while the median value for Units is $830,031.
  • Houses have a median rent of $730 while Units have a median rent of $560.
There are currently 3 properties listed for sale, and no properties listed for rent in Weetangera on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Weetangera.

Suburb Insights for Weetangera 2614

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Peter Walker
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Bradley Mcdowell
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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.