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SOLD

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11 Illingworth Street
WANNIASSA ACT 2903
Auction - Sold Prior

11 Illingworth Street WANNIASSA, ACT 2903

Sold - Wednesday 9 September 2020 for $700,000
Bed Icon4 Bedrooms
Bath Icon2 Bathrooms
Car Icon2 Parking
Unimproved value:A$314,000Block size:706
Bed Icon4 Bedrooms
Bath Icon2 Bathrooms
Car Icon2 Parking

Auction - Sold Prior

This property has been sold prior to auction. The auction has been cancelled.

The headline sounds like one of those internet ads promising you a fortune if you just buy a particular product, sign up for a special webinar or do and online course to trade in Bitcoins. Well its none of those things.

The owners of this home are ex Canberrans who are now settled in their new life in country Victoria. So, the property in Wanniassa is now surplus to requirements. I have to say that after being rented out for many years the property is a bit tired and could do with some renovation, upgrades, painting and repairs. The sellers would have liked to have made the place more presentable and therefore ended up with a bit more money. But "there is the rub" as Shakespeare once wrote.

Now living in the "People's Democratic Republic of Victoria" the owners cannot leave and therefore cannot do any repairs themselves. And the cost of employing someone and trying to manage it from Victoria would be all too much. While the Building Report acknowledges the need for some repairs, the good news is that terms like "structurally sound, acceptable condition and no significant defects" are used throughout the report. So, the owner's misfortune could be an opportunity for providence to shine its light upon you. That is, if you are prepared to roll up your sleeves and do a bit of work.

It is not that the home is unliveable, however, the photographs and the virtual styling in the advertisement do oversell the current condition. However, I suppose it shows how good the home could look with some input from a new owner who wanted to profit from the situation.
Located between Wanniassa shops, the Erindale Centre and the Tuggeranong town centre, the property has all the right locational pressure points to help it grow in value over the years. And a look around the area will show that people are starting to recognise the benefits of the location as new homes are being built and major renovations and/or extensions are being undertaken. And then there is the proximity of the two Primary Schools (one Government one Private) and the Government High school. In terms of public transport, the local Park and Ride means it is a 1.0 km Walk and Ride. Maybe the one car in the family is possible offering you savings that could be spent on the home. These are just some of the elements that have proven to help with gentrification and value growth over time.

Despite the comments about the condition, the basics are excellent. It is a desirable 4 bedroom floor plan with ensuite to the master bedroom, a separate L-shaped lounge & dining with the combined kitchen & family room. This design was the mainstay 4 bedroom family homes in the Tuggeranong area in the 70's and 80's and given it is ideally positioned on a 706 m2 lot, there is room for further extensions. The gardens are well laid out and with a bit of loving care could be turned into something to be proud of. The property also comes with a separate carport and garage, but I note that the garage has been converted into a studio/workshop, with lined walls and a small storage room.

Think of the possibilities.
Are you a first home buyer looking to start out with a larger home? If so, this property is for you? Or are you a family who needs more room, make sure you put this one on the list. Or a renovator/developer who can see the potential of the property and wants to make it their next project. Whatever your situation this property deserves a look because, it will be sold, and money will be made.

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Additional Features

  • Checkmark IconGarage
  • Checkmark IconCarport

Information about this House

  • Listed on
  • Last updated
  • Property typeHouse
  • Block size706m² (approx)
  • Building size146m² (approx)
  • Bedrooms4
  • Bathrooms2
  • Parking spaces2
  • EER1.0
  • Land valueA$314,000
  • Stamp dutyA$15,720
  • RatesA$2,351
  • Land taxA$3,152 if rented

Land Value History

The land value history at 11 Illingworth Street WANNIASSA, ACT 2903 has has not changed recently, having an unimproved land value of $314,000.

The Territory Data is the property of the Australian Capital Territory.

Sales History for 11 Illingworth Street WANNIASSA, ACT 2903

There is currently no sale history available for 11 Illingworth Street.

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Local Neighbourhood

11 Illingworth Street WANNIASSA, ACT 2903 has 32 schools within 5 kilometres, with the closest being St Anthony's Primary.

DistanceSchoolAddress
0.25 kmSt Anthony's PrimaryWheeler Crescent, Wanniassa Pin Icon
0.49 kmWanniassa SchoolWheeler Crescent, Wanniassa Pin Icon
1.14 kmTuggeranong Introductory English Centre (at Wanniassa Hills Primary School)Langdon Avenue, Wanniassa Pin Icon

About Wanniassa

11 Illingworth Street is located within the suburb of Wanniassa, which has a population of 7,512, a median age of 39 and an average household density of 2.6 people.

  • 7512Population
  • 39Median Age
  • 2.6Avg. Household Size
Median Sale Price

Household Composition

Established Families
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Single Parent Families
Single
Group Household

Dwelling Types

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Semi-Detached
Not Stated
Other

Occupancy Types

Owned w/ Mortgage
Owned Outright
Rented Privately

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