50 Girrahween Street, Braddon ACT 2612

Large character home on 1486m² | Opposite Haig Park | 1928 original features | Substantial land holding in Braddon This property presents a rare, substantial landholding in the inner north, directly opposing parkland, which fundamentally underpins its premium positioning. The combination of a 1486 square metre block with a preserved 1928 character home creates a scarcity value that typical Braddon stock cannot match. It serves a buyer seeking a permanent family residence with generational space or a strategic investor capitalising on inner-city land appreciation, as the floor plan and gardens support immediate use while the land secures long-term optionality. The decision hinges on accepting the costs of maintaining a near-century-old structure and the significant holding costs reflected in the rates and tax liabilities. The commercial logic lies in the unimproved land value, which offers a durable floor. This is a hold property for a patient buyer; its value will be realised through occupancy and land value accretion, not short-term trading. Development potential exists but is secondary to the existing amenity. Recent comparable sales data is limited, with only one partial listing at 67 Elimatta Street noted. This lack of direct comparables for a block of this size and character confirms its atypical market position. Buyers should note that the suburb median of $1.098 million is not a relevant benchmark here, as this property operates in a different segment based on land scale and heritage.