1 / 10

5 Lycett Street WESTON, ACT 2611

Auction 31/07/2021Calculate Repayments
Unimproved value:A$540,000 (2020)Block size:767

Vacant land - Outstanding development opportunity

A rare offering in the current market, this vacant block in a prime location within Weston provides options for either the developer or live-in owner to capitalise and reap future rewards.

The block is ideal for either a single residence or the potential to develop 2 residences (subject to approval), providing plenty of options for the savvy investor, builder or developer. The current owner has architect-designed plans available to view for an energy-efficient dual occupancy that would suit multi-generational living, including a single-level 'adaptable house', perfect for downsizers that desire a small garden and ample space to entertain.

The ultra-convenient position of this block is a true highlight, being within walking distance of Cooleman Court, ovals, parks & schools. Combined with the attributes of this block such as the long Northern boundary & potential views to the rear, the key ingredients are all here for a successful project.

Whether you are looking to build your dream home in a quality, family friendly location, or alternatively a residential project with plenty of upside in values, this property is definitely worthy of your consideration.

Be quick to register your interest in this block as these opportunities are few and far between. Please contact Andrew Potts on 0404895162 for further details & to view plans.

Summary of features:

• Vacant block of 767m2
• Development opportunity with potential for 2 dwellings (subject to approval, variation 343 applies)
• Plans previously DA approved available to view (DA has expired, however could be re-lodged for approval)
• Plans consist of:

1 x 4 bedroom plus study, double car accommodation (229m2)

1 x 2 bedroom plus study, single car accommodation (149m2)

• Ideal position to build your dream home in a family friendly street with nearby schools, parks & ovals.
• Located in sought after location within close proximity to Cooleman Court
• North to the side (long boundary) allowing excellent solar capabilities
• Potential to take advantage of views to the rear of the site
• Wide street frontage

Share via

Auction Details

Auction on

Inspections

No inspections are currently scheduled.

Information about this Land

  • Listed on
  • Last updated
  • Property typeLand
  • Block10
  • Section17
  • Block size767m² (approx)
  • Land / Dev PurposeSuburban Zone (RZ1)
  • Land valueA$540,000 (2020)
  • RatesA$3,357
  • Land taxA$5,144 if rented
* Figures quoted above are approximate values based on available information.

Sales History for 5 Lycett Street WESTON, ACT 2611

The Land at 5 Lycett Street WESTON, ACT 2611 has been sold 1 time before, with the most recent sale being for $580,000 on 6 December 2017.

Sold DatePriceSale Type
A$580,000Allocation/Over-the-counter
Sold Date
PriceA$580,000
Sale TypeAllocation/Over-the-counter
The Territory Data is the property of the Australian Capital Territory.
view full sales history for 5 Lycett Street

Local Neighbourhood

5 Lycett Street WESTON, ACT 2611 has 31 schools within 5 kilometres, with the closest being St Jude's Primary.

DistanceSchoolAddress
0.55 kmSt Jude's PrimaryMulley Street, Holder Pin Icon
0.56 kmCanberra Montessori SchoolMulley Street, Holder Pin Icon
0.77 kmIslamic School of Canberra33 Heysen Street, Weston 2611Pin Icon

About Weston

5 Lycett Street is located within the suburb of Weston, which has a population of 3,576, a median age of 43 and an average household density of 2.5 people.

  • 3576Population
  • 43Median Age
  • 2.5Avg. Household Size
Median Sale Price

Household Composition

Established Families
Couples
Single Parent Families
Single
Group Household

Dwelling Types

Houses
Apartments
Semi-Detached
Not Stated

Occupancy Types

Owned w/ Mortgage
Owned Outright
Rented Privately

Need to know more?

Lycett Street

Street Profile
Chevron Right Icon

Weston

Suburb Profile
Chevron Right Icon

Weston Creek

Region Profile
Chevron Right Icon