59 Novar StreetYarralumla ACT 2600
Property Details for 59 Novar St, Yarralumla
59 Novar St, Yarralumla is a 3 bedroom, 1 bathroom House and was built in 1950. The property has a land size of 892m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Yarralumla in the last 12 months.
Last Listing description (July 2024)
Are you ready to embark on a remarkable real estate journey in one of Canberra's most coveted neighborhoods? Living in Yarralumla means embracing a lifestyle of convenience, sophistication, and natural beauty.
Located just a few meters from the Yarralumla Shops, the existing dwelling, while in need of significant renovation or bulldozing, sits on a generous block with RZ2 zoning, opening the door to numerous possibilities.
Option 1: Build Your Dream Home
Unleash your creativity and design the home you've always envisioned. With ample space to play with, you can create a modern masterpiece tailored to your lifestyle. Imagine waking up to the gentle whispers of this serene neighborhood every morning.
Option 2: Explore Development Potential
For the savvy investor or developer, this RZ2 zoned property presents a golden opportunity. Consider the potential for subdividing and capitalize on the strong demand for quality housing in this prestigious location.
Property Highlights:
Location: Prime address in Yarralumla
Lot Size: 891m2
Zoning: RZ2 - Endless possibilities for development
Condition: Existing home in need of substantial renovation or a fresh start
Potential: Rebuild your dream home or explore the potential for development
Lifestyle: Embrace the unmatched lifestyle this suburb offers
Proximity: Close to Yarralumla Shops and Lake Burley Griffin
Transport: Convenient access to public transport and major roadways
Disclaimer: All information provided is deemed accurate at the time of listing but should be independently verified. Development potential and zoning regulations should be confirmed with the relevant authorities.
Property History for 59 Novar St, Yarralumla, ACT 2600
- 05 Feb 2024Sold for $1,925,000
- 16 Nov 2023Listed for Sale $1,960,000
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About Yarralumla 2600
The size of Yarralumla is approximately 8.8 square kilometres. It has 17 parks covering nearly 41.8% of total area. The population of Yarralumla in 2011 was 2,921 people. By 2016 the population was 2,895 showing a population decline of 0.9% in the area during that time. The predominant age group in Yarralumla is 60-69 years. Households in Yarralumla are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Yarralumla work in a professional occupation. In 2011, 71.3% of the homes in Yarralumla were owner-occupied compared with 71.6% in 2016.
Yarralumla has 1,591 properties. Over the last 5 years, Houses in Yarralumla have seen a 43.92% increase in median value, while Units have seen a 37.59% increase. As at 31 October 2024:
- The median value for Houses in Yarralumla is $1,940,338 while the median value for Units is $1,288,592.
- Houses have a median rent of $950 while Units have a median rent of $640.
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