38 Cox Street Ainslie, ACT 2602

Discover this charming three-bedroom heritage home set on a spacious block of over 1500 m², providing countless opportunities.

If you are seeking a property with the potential for redevelopment or expansion that could yield significant financial returns, this is it.

The uniquely designed three-bedroom house caters to two tenants with separate entrances, ensuring excellent rental income. A block this size in the area is a rare find and promises to appreciate over time, making it ideal for a young family looking for a tranquil residence in a brilliant location.

The current house is move-in ready and can be updated while you live in it, presenting an enticing opportunity for developers as well.

Located in the desirable suburb of Ainslie, this property boasts exceptional convenience and lifestyle advantages. Take a leisurely walk or cycle to the city centre, hike Mount Ainslie, or enjoy nearby amenities such as the popular Edgars pub, bakery, the fine Pilot restaurant, and the well-known Ainslie IGA. Excellent schools are also just a short distance away.

Ainslie's strong community vibe makes it one of Canberra's most sought-after suburbs. It attracts families, professionals and active, socially conscious residents who foster a friendly, inclusive atmosphere. People travel from across Canberra to enjoy the excellent Ainslie shops, yet they're only a short walk from this home. The city, Mount Ainslie, Braddon and other inner-city amenities are all within walking distance.

DETAILS (all approximate):

• EER: 0.5
• Land size: 1,505 m2 (approx.)
• Living size: 149 m2 (approx.)
• Land rates: $8,081.65 pa (approx.)
• Land value: $1,440,000