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ACT › Waramanga › Larakia St

1 Larakia St, Waramanga ACT 2611

House

$515,000

Last sold

9 July 2016

3

Bedrooms

1

Bathrooms

2

Car spaces

1,095 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $515,000 (9 July 2016).(Recorded sale)
  • FactLand 1,095 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Waramanga (last 5 years) with land size: median $1,218/m² of land (n=15). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

What this lot has actually traded at

Last sold

$515,000

9 July 2016 · derived via latest_sale

Local land rate: recorded House sales in Waramanga (last 5 years) with land size have a median of $1,218/m² of land (n=15). Districts calculation from recorded sales — not a valuation.

Waramanga at a glance

2,751

People

$931,500

Median sale

$379/wk

Median rent

2.12%

Suburb gross yield

Median sale from 8 recorded sales (last 24 months) — a Districts calculation.

See the full Waramanga report →

Vs Waramanga

-44.7%

Median sale

Suburb $931,500

+1.71 pp

Gross yield

Suburb 2.12%

Suburb median $931,500 from 8 recorded sales (last 24 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$515,0009 July 2016
  2. Listedprice unknowncompleted16 June 2016
  3. Listedprice unknowncompleted16 June 2016

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

ACT

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $379/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. This jurisdiction has no comparable official bond series in the free set.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Waramanga in one glance

Waramanga at a glance

2,751

People

$931,500

Median sale

$379/wk

Median rent

2.12%

Suburb gross yield

Median sale from 8 recorded sales (last 24 months) — a Districts calculation.

See the full Waramanga report →

Keep researching

  • Why Waramanga? Read the area thesis →
  • What else is on the market in Waramanga →
  • Other records on Larakia St →

Listing material

Listed by Momentum Property

Well located entry level property

Located in the established and very desirable suburb of Waramanga offering close proximity to Westfield Woden, Phillip precinct and only a short drive to the Canberra Centre.

This delightful three bedroom home sits on an expansive block over 1000m² (approx.) of land perfectly positioned to maximise outdoor space and offer the potential of a second dwelling (RZ1 Only - Same title) at the rear of the block. The original design offers entry level buying within a premium location. A home that offers plenty of potential for your own personal touches. Renovate, knock-down or extend - the options are available.

An extremely rare opportunity exists and an inspection is highly recommended.

Read the full description

<b>Features Include:</b>

- Over 1000m² of land

- Positioned in an established sought after suburb

- Generous flat corner block

- Within close proximity to the Canberra City & Westfield Woden

- Short distance to schooling options and transport

- 3 bedroom ex Jennings Build

- Blank canvas ready to renovate, build or duplicate

- Ducted gas heating throughout

- Large entertaining area at rear

Listing description written by Samantha Hague, Momentum Property — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.