Remediated Mr Fluffy, ACT blocks sell at auction

Remediated Mr Fluffy, ACT blocks sell at auction
Remediated Mr Fluffy, ACT blocks sell at auction

The first five Mr Fluffy blocks in Canberra have been put to auction.

Around 30 interested parties registered to bid for the remediated blocks. The majority came from residents within their neighbourhood.

The blocks, which range from 694 to 1059 square metres, sold for between $476,000 and $610,000 through Ray White Phillip.

A 1459 square metre block in Chapman was passed in at $660,000.

Th ACT minister for planning and land management Mick Gentleman said the sales were a “significant milestone."

Mr Gentleman said the government had committed more than $740 million to the Mr Fluffy asbestos issue.

Even after the resales, the cost to the Canberra community would still be $400 million.

Some 1022 homes across 56 Canberra suburbs have been identified as Mr Fluffy homes.

The demolitions will take place over the next few years.

The resale phase includes a first right of refusal which allows the owner to return and rebuild on their remediated block.

Owners of around 690 houses are seeking to return to their blocks. 

Fairfax Media reported under the Mr Fluffy planning rules, blocks over 700 square metres can be divided in two and used for two houses.

52 Collings Street Pearce (729 sqm) – $605,000

40 Serpentine Street Duffy (694 sqm) – $480,000

14 Nangor Street Waramanga (694 sqm) – $476,000

83 Doyle Terrace Chapman (1459 sqm) – passed in

74 Darwinia Terrace Chapman (1059 sqm) – $610,000

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Canberra Residential Sales

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