SOLD
Sold on 05 Feb 2024 for $1,925,000

59 Novar Street
Yarralumla ACT 2600

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 100m2
Land area: 892m2
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Sold By
Matt Sebbens
Blackshaw Belconnen
Naomi Sachs
Blackshaw Belconnen
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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.

Building Type
House
Year Built
1950
Floor Size
100m2
Land Size
892m2
Local Government
Canberra Central
Lot/Plan
YARRALUMLA: Block 6, Section 60

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.

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Property History for 59 Novar St, Yarralumla, ACT 2600

A timeline of how this property has performed in the market
Last Sold
$1,925,000
05 Feb 2024
  • 05 Feb 2024
    Sold for $1,925,000
  • 16 Nov 2023
    Listed 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 1,598 properties. Over the last 5 years, Houses in Yarralumla have seen a 53.63% increase in median value, while Units have seen a 17.16% increase. As at 31 August 2024:

  • The median value for Houses in Yarralumla is $2,129,747 while the median value for Units is $1,293,765.
  • Houses have a median rent of $950 while Units have a median rent of $640.
There are currently 9 properties listed for sale, and 7 properties listed for rent in Yarralumla on OnTheHouse. According to CoreLogic's data, 64 properties were sold in the past 12 months in Yarralumla.

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