58 Schlich Street, Yarralumla ACT 2600
58 Schlich Street, Yarralumla ACT 2600
Detached house on large Yarralumla block | prestige inner-south setting | established garden suburb | family-oriented demand | renovation potential likely
This property sits within one of Canberra’s most established and sought-after inner-south precincts, where tree-lined streets and substantial blocks define the character. The configuration is almost certainly a single detached house, which suits buyers seeking space, privacy, and a strong sense of place rather than compact or multi-unit living. The suburb’s proximity to Lake Burley Griffin, the Parliamentary Triangle, and local village shopping adds everyday convenience, while the diplomatic and professional demographic ensures steady interest from families and executives who value location over yield. For a buyer wanting a long-term family home with room to personalise, this type of property offers rare ground-floor living on a scale that newer suburbs often cannot match.
The value of this house may be shaped by its age, condition, and energy efficiency, as older construction in the area often carries lower ratings and higher upgrade costs. Land size is likely to be a significant factor, with larger blocks commanding a premium regardless of the dwelling’s state. Renovation opportunity may appeal to those willing to invest, while move-in-ready presentation could attract a different buyer willing to pay for convenience. The surrounding streets show a mix of original and updated homes, so the final price may hinge on how the property compares in finish and layout. Buyers should weigh potential upgrade costs against the strength of the location.
|| Comparable Sales: 80 Schlich Street sold for $3.375M; 85 Schlich Street listed near $2.35M–$2.4M | Property Price Band: $2.3M–$3.4M | Value Drivers: land size, condition, renovation potential
Detailed Independent Property Report prepared by PropCred Analyst team for 58 Schlich Street, Yarralumla ACT 2600
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Yarralumla holds a premium position in the ACT market, with a median house price around $2.09 million against the territory median of $964,000. The detached segment is in decline: prices fell 11.1 percent annually, and houses averaged 75 days on market, stretching to 125 days for four-bedroom homes. Demand is driven by high-income professionals. Units are outperforming, up 19.94 percent with a median near $1.09 million and a 4.02 percent rental yield versus 2.39 percent for houses. Weekly house rents reach $1,100; units sit at $530. Sales volume is thin at 39–47 house transactions and 23 unit sales over 12 months, a market where single sales can skew figures. The premium price point, negative house growth, and a preference shift toward attached housing are the key constraints; unit momentum provides the counterweight.
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PropCred Estimated Value
Comparable Sales: 80 Schlich Street sold for $3.375M; 85 Schlich Street listed near $2.35M–$2.4M | Property Price Band: $2.3M–$3.4M | Value Drivers: land size, condition, renovation potential
Bedrooms
5
Bathroom
2
Parking
2
Land
875m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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