The Essence of Prime Real Estate
15 Favenc Circle, GRIFFITH ACT 2603Perfectly positioned on a 980m2 RZ2 corner block overlooking Favenc Circle Park, 150 meters from Griffith Shops is this charming 3 bedroom ensuite home.
Whilst not being too substantial in value to demolish the existing home is very comfortable and structurally excellent as it stands. Boasting updated kitchen with dishwasher and integrated fridge which flows from separate living areas including a magnificent family room with high ceilings and floor to ceiling glass on its north & east facing windows.
The versatile floor plan provides for the living areas, bathroom, separate toilet and 2 bedrooms with built in robes downstairs, whilst upstairs is a lovely setting for the parents, providing wonderful views from the parents retreat/study area adjoining the great sized bedroom with updated ensuite and built in robe. The rear deck which extends from the kitchen and family room is a truly relaxing place to soak up the morning sun and enjoy the outlook.
This is the last undeveloped RZ2 redevelopment block in Griffith and presents wonderful opportunity for builders and developers also. Subject to council approval, RZ2 zoning permits 2 homes be erected on the site with 50% plot ratio maximum above 'natural ground level'. Any construction deemed under natural ground level does not encroach on the plot ratio permitted. The gently sloping block falls from the street approximately 3 meters, ideal to cut your basement garages and maybe a theatre room into which would mean you could use the allowed 490m2 GFA for just living space of the 2 properties.
The existing residence will easily attract good tenants and income for the interim development application period. The adjacent corner has already been developed with 4 townhouses with basement, so the precedence has been set.
It's obvious why Griffith & this pocket in particular is a sort after as it is, fronting onto Favenc park, just moments walk from Griffith shops, St Clairs & St Eddies premium private schools as well as Manuka, Kingston, Barton and the Parliamentary Triangle also within a walkable distance.
Upon inspection of the property you will find it hard to believe all these amenities, comforts and lifestyle is all so close as it is whisper quiet. You really need to view this home to appreciate its location.
The proud owners and their now grown up kids have enjoyed the home and its location for a couple of decades, but have now purchased elsewhere and are committed to a sale of 15 Favenc Circle on or before Auction day, so make no mistake- we are selling. Offers prior to auction welcome.