90 Phillip Avenue, Downer ACT 2602

3-bed character home on 769m² block | rare large parcel in inner north | vacant possession option | adjoining property also for sale This property presents a rare inner-north entry opportunity on a substantial 769m² block, a configuration increasingly scarce. Its vacant possession and separate living zones offer immediate utility for an owner-occupier seeking character, while the low building coverage and dual property sale create a compelling land bank or renovation play for a strategic buyer. The strong rental yield estimates signal reliable holding income, positioning it well for either path. The primary risk is the dated 4-star energy rating and single bathroom, which cap modern family appeal and necessitate capital for improvement. The substantial gap between its last sale price and current unimproved value underscores pure land value dominance. Acquire this for long-term land value accretion in a stable catchment; any purchase should budget for immediate thermal efficiency upgrades to mitigate holding costs and unlock future equity.