38 Lambrigg Street
Farrer$1,550,000

Substantial family home with potential for extra income!

​Rarely does an opportunity arise that perfectly satisfies both the head and the heart. Set in the highly sought-after and leafy suburb of Farrer, this unique property offers a renovated four-bedroom family home alongside a studio under. With all the hard work already done, you can simply move in or rent it out from day one.

​Whether you are an astute investor chasing a robust, potential dual-income return, a family needing separate accommodation for extended relatives, or a savvy homebuyer wanting to live in a premium suburb while a tenant helps pay off the mortgage-this property delivers on all fronts.

​Breaking into a premium Woden Valley suburb like Farrer usually comes with a hefty mortgage, but this property changes the rules. Move your family into the updated four-bedroom main residence and potentially rent out the studio. Because both dwellings have been renovated, they are ready to go. Alternatively, keep the studio for grandparents, older teenagers, or a private home office.

​For the Investor: Potential dual income home

​Finding a property with two potentially separate, established rental streams is incredibly rare-finding one that has just undergone a renovation is the ultimate jackpot. Farrer has long been a staple of consistent long-term growth, and this asset ensures premium tenant appeal and potential maximum depreciation benefits.

​Main Residence: potential rent $950 per week (prior to renovations rent was $800 a week)

​Residence 1: The Main Family Home

Designed for comfortable, modern family living, the primary dwelling is expansive, entirely private from the studio under.
Four generous Bedrooms: Freshly painted and spacious, featuring a master suite complete with a modern ensuite.
​Living & Entertaining: Boasting two separate, light-filled living areas alongside an open-plan dining space.
​Gourmet Kitchen: An updated central kitchen showcasing stone bench tops and white cabinetry.
​Secure Parking: 2-car garage with automatic doors, providing secure, weather-proof access and extra storage space.

Studio: ​potential rent $450 a week (prior to renovations rent was $350 a week)

Residence 2: The separate studio under

Completely separate, private, and modernised, this is not just a room-it’s a true independent dwelling that will potentially attract quality tenants.
The studio features its own private entrance, nice new flooring throughout, a modern kitchenette, and a renovated full bathroom.
​Privacy: Strategically positioned under to ensure both dwellings enjoy their own space, peace, and quiet without stepping on each other’s toes.

Potential combined rent for the two dwellings – (approx. only depending on market conditions) – $1,400 approx. (this is just an estimate)

​Separately Metered: Complete peace of mind with fully separate water and electricity meters for each dwelling, making utility splitting or tenant billing entirely hassle-free.

​The Farrer Lifestyle

​Farrer offers a premier lifestyle with incredibly strong owner-occupier demand. You or your tenants will love being just a short walk to the Farrer Nature Play & Adventure Trail, the local Farrer shops, and top-tier local schools. Plus, you are just minutes away from the major shopping, dining, and transport hub of Westfield Woden.

​Properties with this kind of verified dual-income yield, fresh high-end renovations, and lifestyle flexibility do not sit on the market for long.

features.

.renovated four bedroom three bathroom home (home and studio)
.separate downstairs studio under the home
.arranged over two levels with elevated views
.north facing
.combination of timber look floors and carpet
.north facing living room with RC split system and glass doors opening to the front veranda
.formal dining room with easy connection to the kitchen
.open kitchen and second living area
.updated kitchen with white cabinetry and granite bench tops
.direct access to the rear patio and garden
.ducted gas heating upstairs
.studio with RC split system and sliding doors opening to the north
.all three renovated bathrooms with floor to ceiling tiled finishes
.double garage with twin automatic doors and additional storage space

Finer details (all approx.)
EER: 1.5
Living area: 224m2
Land Size: 686m2
Built in: 1967
Land Value: $700,000
Rates: 4,241 approx. per annum

Disclaimer: The information contained in this advertisement is derived from sources we deem reliable. However, we cannot provide any guarantees or warranties regarding the information supplied. Any references to rates, land tax or other statutory charges are indicative only and have been calculated in good faith using publicly available information. Some images may have been virtually styled for marketing and illustrative purposes only. Buye