120 Schlich Street, Yarralumla ACT 2600

Prime 803m² embassy belt block | 3-bed house on rare large parcel | Strong unimproved land value | Close to sought-after schools This property presents a compelling proposition based on its substantial landholding in a prestigious, tightly held diplomatic precinct. The 803 square metre block significantly exceeds typical suburban offerings, providing scarcity value and long-term capital upside rooted in land appreciation. The house itself, while modest in floor area, serves as a functional holding on a prime asset, ideally suited to a buyer seeking a low-maintenance footprint with significant redevelopment or improvement potential in a premium location. It best serves a capital growth-focused purchaser, a builder, or an owner-occupier valuing proximity to elite schools and established embassy grounds. The decision hinges on the cost of potential renovation or rebuild against the established unimproved value, with annual holding costs for an investor being material. The commercial logic is in securing a large, strategically located parcel in a supply-constrained market. Acquire this for the land, hold it for the location, and plan for a future capital improvement to realise its full value.