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The better big bank

Centrally located Crestwood property offers fantastic opportunity for first home buyers

By Simone Allen-Battye 3 December 2018 0

142 Uriarra Road is centrally located and ideal for first home buyers. Photos: Supplied.

If you’re a first home buyer struggling to find your dream home at an affordable price, look no further. Located on Uriarra Road just over the New South Wales border, this lovely property is well-located and affordable for entry-level buyers who may find themselves priced out of the Canberra market.

142 Uriarra Road in Crestwood is only a 10-minute drive to Kingston, Manuka and the airport, and 15-20 minutes from the CBD. Otherwise, leave the car at home, as the Queanbeyan Town Centre is also within walking distance.

The large block has plenty of space for development.

This quality four-bedroom, one bathroom home sits on a large 653 square metre block. The substantial piece of land also features an easy-to-maintain backyard and a separate, multi-purpose studio space.

Belle Property Kingston’s Michael Pead says blocks of this size are harder to come by these days, with newer homes being built on smaller blocks.

“We see homes like this one just ten minutes down the road going for a million dollars easily. It’s a fantastic opportunity for young professionals and first home buyers looking to buy a single dwelling instead of an apartment or townhouse.

“The studio, with the frontage on Uriarra Road, can be used as a commercial space. For example, if an artist needed a studio or someone wanted to run a business from home. In that way, this property isn’t just something to live in. It’s a space to work as well,” Michael says.

The studio is perfect for a home office or art studio.

The house itself is bright, airy and full of character. It presents all the essentials for those wanting to move straight in: sizeable bedrooms, a stylish, functional kitchen, an open floor plan and huge living space. The property also has RZ3 zoning, so there’s plenty of opportunity to develop the site and transform it into your ideal home.

Updated kitchen appliances make for a practical kitchen.

For Michael, what makes this home unique is its charm and history.

“It’s an older Tudor-style home. It almost feels like a terrace house like you’d find in the inner west in Sydney. And with the four bedrooms, the floor plan is easy flowing.

“Whoever buys this home will have the opportunity to do whatever they like with it. It’s almost a blank canvas. But the facade and the way the property presents externally mean you can change everything or keep it as it is, in the original condition.”

Beautiful, timber floors feature throughout the house.

And there’s more, this property also offers buyers a cellar/storage room, an outhouse equipped with a toilet and shower and a wood fireplace for those cold winter nights.

This home, with its heritage precinct feel, is full of pleasant surprises including Michael’s favourite: an amazing lemon tree out the back.

One of the property’s four bedrooms.

Michael explains that “people tend to overlook the real estate opportunities in Queanbeyan, but as the market progresses we’re definitely seeing people considering buying here. It’s a great location, a large block and a house with a really charming feel to it.”

This property has plenty to offer the right buyer and is well worth an inspection.

142 Uriarra Road in Crestwood will go to auction on Saturday 8 December. Contact Michael Pead (0431 937 684) or Aaron Papahatzis (0419 683 599) for more information.


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