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ACT › Giralang › Fornax St

21 Fornax St, Giralang ACT 2617

House

$542,000

Last sold

7 Mar 2018

3

Bedrooms

1

Bathrooms

1

Car spaces

741 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 $542,000 (7 Mar 2018).(Recorded sale)
  • FactLand 741 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Giralang (last 5 years) with land size: median $1,181/m² of land (n=17). 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

$542,000

7 Mar 2018 · derived via latest_sale

Local land rate: recorded House sales in Giralang (last 5 years) with land size have a median of $1,181/m² of land (n=17). Districts calculation from recorded sales — not a valuation.

Giralang at a glance

3,458

People

$930,000

Median sale

$460/wk

Median rent

2.57%

Suburb gross yield

Median sale from 7 recorded sales (last 24 months) — a Districts calculation.

See the full Giralang report →

Vs Giralang

-41.7%

Median sale

Suburb $930,000

+1.84 pp

Gross yield

Suburb 2.57%

Suburb median $930,000 from 7 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$542,0007 Mar 2018
  2. Listedprice unknowncompleted8 Feb 2018
  3. Listedprice unknowncompleted8 Feb 2018

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 $460/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

Giralang in one glance

Giralang at a glance

3,458

People

$930,000

Median sale

$460/wk

Median rent

2.57%

Suburb gross yield

Median sale from 7 recorded sales (last 24 months) — a Districts calculation.

See the full Giralang report →

Keep researching

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

Listing material

Listed by Luton Properties Dickson

RENOVATOR SPECIAL WITH POTENTIAL PLUS

Giralang has experienced a 7% growth in land value over the last year, and smart buyers are recognising the value of this well positioned suburb so close to Westfield and employment hubs like Civic, Belconnen and Gungahlin.

The potential on offer with this three bedroom home in the well regarded suburb of Giralang is tremendous.

There is also a chance we could be re-writing the definition of "renovator special", as you will see from the photos.

Read the full description

The carpets have been removed to show the fantastic 1970s floorboards, and while plastering and gyprocking is needed throughout, the opportunity for capital growth should not be missed!

Why pay for someone else's renovations - benefit from your own work and watch your portfolio value increase.

The residence is also positioned forward on the block, ensuring a large yard for any future extension (subject to ACTPLA approval).

Any appliances or fixtures on-site carry no warranty from the owner.

<b>Features Include: </b>

1974-1976 construction

Single level exposed brick residence

Timber flooring

Lounge with large windows

Three bedrooms

Two sides of yard has colorbond fencing

Gas hot water

Shed without door has power connected

Foxtel dish on roof

Large back yard

Residence: 100m2

Land Size: 741m2

Land Value: $347,000

Land Rates: $2250 pa

EER 2

(All numbers approximate)

Listing description written by Christine Shaw, Luton Properties Dickson — reproduced as published, not verified by Districts.

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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.