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31 Banfield Street, Downer$1.10m
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31 Banfield Street

Downer, ACT 2602, Australia
$1.10m
3 bed 1 bath 2 car658 m²

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About this property

This updated, light filled home is situated in an ideal location, only metres to a light rail stop and a short stroll to either the Knox cafe in Watson or Gang Gang cafe in Downer! A draft planning amendment (DPA-09) proposes rezoning the property from RZ1 to RZ4, opening the door to three-storey development and strong future growth potential, making this the ideal home for either a family or developer. The home has been recently renovated and features a fully updated kitchen, timber flooring, with fresh carpet in bedrooms, a new ducted reverse cycle air conditioning system and an impressive 10kW solar panel array, that regularly places the household electricity bill in credit. The spacious open plan living area is warm and inviting, while the renovated kitchen offers generous benchtop space with a breakfast bar, ceramic cooktop, pyrolytic oven, dishwasher and ample storage. The adjacent laundry provides additional functionality and storage. A slow combustion fireplace creates a cosy focal point in the generous lounge, which opens onto the covered entertaining area with lighting and a private outlook over the rear garden. The gardens are low maintenance, with a rear gate providing direct access to the nearby light rail stop. Neat hedging frames the front garden, and the verandah offers a quiet spot to relax. A double garage and a large garden shed complete the offering. This peaceful location offers the best of Inner North living, a relaxed stroll to cafes and only a short trip on light rail to the Dickson restaurant and shopping precinct, the City centre, or to Farmers' markets! Many sought-after schools are within easy reach, with zoning to Lyneham Primary and High School and Majura Primary School. UV: $ 800,000 (approx) Rates: $ 4,695.00 (approx) Key Features Rezoning potential - proposed RZ4 (3-storey) development zone under Draft Major Amendment DPA-09 Light filled home, situated just metres from a light rail stop and only a short walk to Gang Gang and Knox cafes in Downer and Watson New ducted reverse cycle air conditioning system supported by an impressive 10 kW solar system Spacious open plan living areas Updated kitchen features a large area of benchtop with breakfast bar, a ceramic cooktop, pyrolytic oven, dishwasher and ample storage Generous lounge features a slow combustion wood heater and opens to covered entertaining area, offering a private outlook over the rear garden Spacious primary bedroom features a wall of built-in robes Quality carpet and tab-top curtains in all three bedrooms Updated bathroom has a separate w/c Large laundry includes storage Double garage and a large garden shed Short trip on light rail to Dickson dining and shopping precinct, the City or Farmers' markets In area for many sought-after schools, including Lyneham Primary and High School and Majura Primary School

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
2
Land Area
658 m²
Listed
3 months ago

Repayment calculator

$5,333/month
$2,666 /fortnight
Loan $880,000 at 6.10% over 30 years

Upfront costs

Deposit$220,000
Stamp duty$40,904
Conveyancing (est.)$2,000
Total upfront$262,904
Verify with ACT revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Downer

This 3-bedroom house in Downer, ACT 2602 sits within reach of public transport, local shops local amenities. It is listed 58% above the $695,000 median of 64 comparable houseswithin 5 km.

What's nearby

  • Federal Highway after Phillip Avenue (bus)102 m away
  • Watson Chemist972 m away
  • Unnamed410 m away
  • Unnamed585 m away
  • Unnamed634 m away

Downer at a glance

Full suburb profile
Population
4,296
Median age
35
Household income
$2,267/wk
Median rent
$420/wk
Median mortgage
$2,167/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Downer price trend

Median sold · House 3 bed

Compound growth -1.8% / yr over 4 yrs

$1.16mcurrent median

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