12 Montagu Place, Evatt ACT 2617
3 Bed | 1 Bath | 681m² Block | 118m² Home | Separate Title | DA Approved
If you're looking for a genuine dual-income opportunity, this one ticks every box.
Tucked away in a quiet Evatt cul-de-sac, this upgraded 3-bedroom home sits on a generous 681m² separate title RZ1 block and is offered with vacant possession. Previously leased at $665/week, the current market rent is approx. $670/week or up to $1200/week gross and $850 net per week on Airbnb depending on fit-out and occupancy.
The existing home spans 118m², incorporating both Class 1 and Class 10a structures, delivering comfortable and flexible living. The sunroom, while technically Class 10a, has previously been used as a 4th bedroom, adding further versatility to the layout.
The Value Already Unlocked
- Development Approval (DA) for a fully self-contained 2-bedroom secondary residence
- Fixed-price building agreement available through Canberra Granny Flat Builders (CGFB)
- Set build price: $281,527.93 (with comparable 2-bedroom dwellings renting for $550+/week)
- This design has been approved, view similar GCFB Design 265 with plan details here:
https://www.canberragrannyflatbuilders.com.au/design-pages/design-265
- Construction can commence within 90 days of exchange (subject to selections)
- No obligation to build the DA is fully approved and all associated fees and charges have already been paid
- Buyers may choose any builder the DA is transferable and not tied to CGFB
View the full DA documents here:
https://www.planning.act.gov.au/applications-and-assessments/development-applications/browse-das/development-application-details?da-number=202341353&amendment-version
Whether you're an investor or a multi-generational family, this is a rare chance to create dual income without the planning headaches. If you have no interest in building a secondary residence, no action is required the DA simply remains valid.
For those considering the opportunity, similar dual-income homes with CGFB-completed second dwellings have recently sold for between $1.2 million and $1.4 million across Canberra.
Key Features
- 681m² separate title RZ1 block
- 118m² existing dwelling (Class 1 & 10a)
- Vacant possession
- Off-street parking
- Walking distance to St Monica's Primary School
- Minutes to Belconnen Town Centre
- Quiet cul-de-sac in a family-friendly location
Unapproved Structures Buyer Acknowledgement
The following elements are not exempt and have not been formally approved:
- Rear Covered Pergola exceeds 36m² (requires building approval)
- Storage & Garden Sheds within 1.5m of boundary, forward of the secondary building line, and exceed 0.4m in height
- Brick Barbecue within 1.5m of side boundary, exceeds 0.4m height
- Front & Side Carport Enclosures enclosed on more than two sides
- Sunroom Opening internal wall removed between Class 10a sunroom and living area
These are being sold as-is. A special condition will be included for the sunroom opening, with funds held in trust post-settlement until formal approval is obtained. Buyers are advised to conduct their own enquiries and seek professional advice.
Auction Details
1. Onsite Auction
2. Date: Sunday, 14 September 2025
3. Time: 11:00 AM
4. Published Reserve: $810,000
5. Settlement: Up to 90 days buyer's discretion
6. Early Occupancy: Available
7. Vacant Possession: Offered at settlement
8. No Restriction on Transfer The contract permits nomination or on-sale prior to settlement
9. Deposit: $1,000 on the day (topped up to 5% within 5 business days) with 10% of the purchase price always at risk
Rates & Land Tax (Residential Use)
Annual Rates: Approx. $2,776
Land Tax (if rented): Approx. $4,799 per year
Open Home Schedule (All at 1:30 PM)
Saturday, 16 August
Sunday, 17 August
Saturday, 23 August
Sunday, 24 August
Saturday, 30 August
Sunday, 31 August
Saturday, 6 September
Sunday, 7 September
Saturday, 13 September
