76/44 Jerrabomberra Avenue, Narrabundah ACT 2604

| 3 bed townhouse | 994sqm interior | 1.39ha block | massive land-to-building ratio | risk of holding cost | This property’s primary risk is the extreme land-to-building ratio, where a 994sqm townhouse sits on a 1.39-hectare block, creating a holding cost burden from rates and maintenance that far exceeds typical strata living. The upside is the land’s redevelopment potential, but this requires patient capital and zoning risk tolerance. For a buyer seeking immediate occupancy with no development timeline, the property underperforms; for those with a long-term landbanking strategy, it offers rare scale near services. Competitive strength lies in the sheer land mass and low-density estate feel within a walkable Narrabundah position, which is uncommon for a townhouse. The air conditioning, pool, and tennis court serve as lifestyle amenities that reduce the need for external facilities, suing a buyer who values self-contained recreation. This unit best serves an owner-occupier intending to hold for 10+ years, not a short-term investor. You should now contact the listing agent to confirm current lease options and verify any development overlay plans before proceeding further. Recent sales in the complex show small one-bedroom apartments transacting near $450k, which does not provide direct comparable evidence for this large townhouse. Value inference: the land value alone, assessed at $14.7 million, suggests the building is a secondary consideration for pricing, meaning a buyer’s offer should primarily reflect land, not finishes.