4 Peron Place, Banks ACT 2906

Set in an established neighbourhood is a 728m2 block that becomes available after the previous house was demolished. Remnants of the slab remain for possible future use or remove it and start completely fresh.

Most of the vacant blocks available around Canberra exist in the new developments where local amenities are limited, trees are virtually non-existent, schools are in their infancy and the land size is 500m2 or less.

The block is zoned RZ1 and subject to approval attracts a 50% plot ratio providing far better scope for a large house than some of the smaller blocks currently available.

Unfortunately, there are very few vacant block sales to compare within the local area but a quick search at the time of writing this shows blocks throughout the ACT start from $270,000 in Strathnairn (Wherever that is). It is 446m2.
Next cheapest is $300,000 for a 213m2 block in Phillip.
There is a 260m2 block in Watson under offer and priced at $319,000.
$340,000 will buy a 480m2 block in Moncrief
$345,000 will buy a 362m2 Block in Taylor (That�s right there is a suburb called Taylor)

If you are a builder looking for your next project to build and sell after we recover from this current situation, then enquire now and let us know what it is worth to you.