Phone Enquiry ID: 232156
A truly unique offering in Crestwood, this expansive 898m² landholding features three rentable dwellings on a single title, delivering unmatched versatility, exceptionally strong income potential, and long-term development upside with its coveted R3 Medium Density Residential zoning.
Whether you're a savvy investor, multi-generational family, or a buyer seeking strong rental returns while land banking, this property offers immediate lifestyle and financial rewards with options for future expansion or redevelopment (STCA).
🔑 A One-of-a-Kind Investment with Long-Term Vision
Properties with this level of versatility, presentation, rental yields, and zoning are almost never seen in this region and are extremely rare. Situated just over the ACT border, 108 Uriarra Road offers strong rental returns without the burden of ACT land tax, making it a high-performing, lower-overhead investment. This is not just a home – it's a smart investment, a family compound, and a future potential development site all in one.
Contact us today to inspect and secure this rare opportunity.
✨ Property Breakdown
🏡 Dwelling 1: Renovated 2-Bedroom Cottage (80m² internal living)
This charming front-facing cottage has undergone a full strip-out renovation, rebuilt with high-quality craftsmanship and no corners cut:
- Fully renovated including utility services
- Mechanical subfloor ventilation system for health and comfort
- Fully air-conditioned with modern split systems throughout
- Floor to ceiling tiled bathroom, separate toilet, and internal laundry
- Spacious living zones: open-plan lounge and dining
- large stylish kitchen with stone benches and pantry
- Classic cottage façade with updated interiors for timeless appeal
- 2 bedrooms, the master with built in robes.
- Curtains and venetian blinds for privacy throughout
- Front parking for up to 4 cars
Currently rented with ongoing lease and suited to long-term tenants or an ideal owner-occupied home.
🆕 Dwelling 2: Newly Built Elevated 2-Bedroom Home (60m² internal living)
Positioned at the rear for privacy, this modern elevated home offers a perfect blend of luxury and function:
- Open-plan kitchen, dining, and lounge with high raked ceiling with natural flow to the outdoors
- High-end kitchen with premium appliances
- Fully tiled spacious bathroom with luxury feel
- Integrated European laundry
- 2 cleverly designed bedrooms with built-in robes that maximise space.
- Large covered front deck ideal for outdoor entertaining
- Fully fenced pet-friendly backyard with double gate to allow access for caravan or trailer.
- Premium artificial lawn, luxury hot tub spa, garden shed, and underfloor storage
- Equipped with split system air conditioning
- 8.9kW solar panel system
- Venetian blinds throughout
- Parking for up to 3 cars on concrete drive.
A turnkey residence for families or a high-earning rental property
🏠 Dwelling 3: Self-Contained Studio (40m² internal living)
This renovated studio is ideal for Airbnb, student rental, or home office use:
- Kitchenette with inbuilt exhaust and sink.
- open-plan lounge/dining, and private bedroom
- Full-sized modern bathroom with fresh tiling and fittings
- Split system air conditioning and mechanical sub floor ventilation
- Front-facing deck and verandah
- A flexible space with broad appeal and income potential
- Venetian blinds throughout for privacy and stylish feel.
- Parking for up to 2 cars opposite dwelling.
Currently rented with an ongoing lease.
💡 Additional Features:
R3 Medium Density Residential zoning – explore future development potential while enjoying immediate income (STCA)
- Land is north-facing, perfect for warmth in winter and cool in summer.
- One title, no strata, no shared walls
- Three-phase power and independent sub-boards for each dwelling
- Driveway access connects all residences with ample parking
- Ultra low-maintenance Mediterranean-style landscaping
- Each dwelling Individually metered internally (one smart meter to external)
- Permanent festoon outdoor lighting connects all three dwelling that creates a warm inviting atmosphere.
- 1800 high Colour bond fencing along entire boundary.
💰 Rental Income & Lifestyle Flexibility:
Estimated return of $1,600+ per week across all three dwellings. Currently two dwellings tenanted with flexible options for the buyer to purchase vacant or fully rented.
- Option to live in one, two or rent the others – perfect for mortgage assistance
- A rare and ready-to-go solution for families seeking separation under one roof
- Perfect short- or long-term leasing opportunities for investors or developers
📍 Location:
Just minutes from Queanbeyan CBD, close to Canberra, schools, shops, and public transport – offering the perfect balance between suburban lifestyle and city convenience.
Disclaimer: All information provided is believed to be accurate and reliable at the time of publication. However, interested parties are advised to conduct their own independent inquiries, including verification of zoning, building approvals, financial returns, and development potential (STCA). No warranty is given regarding the accuracy of measurements, plans, descriptions, or future projections.
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