19/51 Musgrave Street, Yarralumla ACT 2600

4-bed townhouse Yarralumla | lake access | renovated main suite | stable long-term community The property’s key competitive edge is its direct lake access combined with a renovated main bedroom suite, which is rare in Yarralumla’s townhouse stock and gives a buyer a lifestyle advantage over newer but landlocked developments. The open-plan living and large study suit a professional couple or downsizer who values space without a full house footprint, while the 476m² lot and two-car parking improve resale depth against smaller strata units. The suburb’s high proportion of long-term residents and priority school enrolment area add holding stability, making this a low-turnover position that supports capital preservation. The primary risk is the NBN FTTN connection, which may deter buyers who require high-speed work-from-home capability, though 5G coverage mitigates this. The property was last transacted in 2000, so there is no recent price benchmark to validate the current list price against market movement, meaning a buyer should conduct a deep comparable sales analysis for similar renovated townhouses with lake access. The older demographic skew in Yarralumla limits future buyer pool breadth, but also reduces rental churn. For a buyer, this townhouse works best as a long-term hold where lifestyle amenity and low turnover outweigh short-term capital growth expectations.