15 Novar, Yarralumla ACT 2600

When your street name is marked on a 1933 Canberra map you can be absolutely certain you're buying a classic piece of the nation's capital. 15 Novar Street is just such an address, offering approximately 830sqm of prime land in a location where style and pedigree are taken for granted.

The owners of this beautiful block asked architects to design a gorgeous 320sqm contemporary home, complete with a 19m lap pool, to replace the 1950s 3 bedroom monocrete dwelling that's currently on site. Those dream plans and the fabulous potential still exist for the a new purchaser but, sadly, the owners need to move on before their vision has had the chance to be started.

Presented in its rawest and most unflattering state, you won't need to be a savvy investor to recognise what could be achieved in such a remarkable position. Re-imagine the current home or reconstruct something that will become an icon for decades. Whatever decision you make, you'll be living in an area that deserves the attention.

View the extraordinary possibilities for yourself at the next exhibition, then weigh up the block's $762,000 UV and the likelihood of another chance like this coming up in Yarralumla soon. The answer will hit you like a hammer.

Points to consider:

830.5 sqm approx. elevated block
UV of $762,000
EER 0
House size 102 sqm approx.
3 bed ex-government 1951 monocrete dwelling on site
Traditionally superb capital growth location
Walking distance to the Mint, Deakin's medical precinct
Within easy reach of inner south amenities/schools
Adjacent to public transport in both directions
Wonderful land banking potential