8/12 Horbury Street, Phillip ACT 2606

3-bed townhouse on unusually large lot | school catchment location | investor or downsizer target | building condition unknown The competitive strength of this property is found in its unusual land size combined with a practical three-bedroom layout. It is best suited to an investor seeking a solid rental return or a downsizer valuing school access and low-maintenance living. The generous land parcel is considered a rare attribute for a townhouse, offering potential for extended use or future redevelopment. The school catchment for Mawson Primary and Melrose High adds to its attractivness for family-oriented buyers, while the gross yield sits at a level that appeals to income-focused purchasers. The valuation is materially affected by the unknown building age and interior condition; these introduce risk particularly if the dwelling has original finishes. While the land size suggests upside, the price must be weighed against the potential need for renovation. The one thing that most warrants scrutiny is a thorough building and pest inspection to confirm whether the dwelling requires significant capital expenditure. Without that, the value case is built on assumptions rather than verified fact.