Set on the largest residential block in South Bruce – a whopping 2320 square metres of land – 61 Jaeger Circuit provides endless opportunity and potential in one of Canberra’s most in-demand and central suburbs.
The existing home on the block has unfortunately suffered significant termite damage and planning has begun for the home’s demolition. This now creates an incredible opportunity to build the home of your dreams on a conveniently located block in a spectacular location.
Independent Property Group real estate agent Phil Smith said buyers were attracted to the expansive block and the opportunity that comes along with it.
“Our potential buyers have their own thoughts and ideas about what they could do with the block as there’s a massive building envelope. The possibilities are endless, so pretty much whatever you can imagine can go there,” he said.
“This block was originally designed as two large blocks. The original owner of the front block had the opportunity to purchase the rear block, which they did. These were then merged together to create the substantial land parcel that’s now being sold.”
Mr Smith said the sky’s the limit when it comes to this property.
“It’s an opportunity for someone to build their absolute dream home,” he said.
“It’s difficult to find land parcels like this, particularly in such a premium location.
“One of the designs that the current owners had chosen from was a six-bedroom, 500 sqm-plus home, so you can really build anything. There’s no limit.”
A remnant of the original configuration of two separate blocks of land is the dual access, a driveway at the front of the home and a shared driveway to the east of the block. This adds significantly to the versatility of the design options.
Mr Smith said there are also some recent architecturally designed concept plans to show the potential of this vast block.
“We have good interest in the property, particularly from growing families in love with the location. There’s also a large swimming pool, a tennis court, and a gym which adds to the appeal of the property,” he said.
The in-ground pool has also been recently updated and repaved and includes an area that could be used as a wine cellar.
“The expansive stone retaining walls and gardens are already there, so you effectively have a new building opportunity but on an established block.
“There are already conversations with some interested buyers looking at the option of building more than one dwelling on the site. It could be perfect for a family with their children and their grandparents living close by but with their own private space.”
Mr Smith said the block is also conveniently located and in close proximity to the Belconnen Town Centre, the Jamison shopping centre and is only a short drive to Canberra’s CBD.
“The convenience of the location – it’s close to Radford College, Calvary public and private hospital, the University of Canberra and the AIS precinct – only adds to the incredible appeal of their property,” he said.
“It really is just the perfect canvas ready to create your dream home.”
The auction for this amazing land parcel is on Saturday, 11 June, at 11 am.
To find out more about 61 Jaeger Circuit in South Bruce, or to arrange an inspection, contact Phil Smith on 0451 502 105.