25 Derwent Street

*Currently leased at $800 per week until July 2027* Positioned in the heart of Lyons, this well-located property presents an outstanding opportunity for buyers seeking to renovate, extend or rebuild in an established and highly convenient setting. Set on a generous 1066m² block, the home offers solid foundations and a flexible layout, making it an ideal prospect for those with vision to create a modern home tailored to their lifestyle, or for investors looking to secure a property in a consistently strong suburb. The residence itself is modest yet spacious, with a practical floorplan that includes four well-sized bedrooms, a separate study, and multiple living areas including a rumpus or sunroom. The kitchen is neat and functional with neutral finishes, while two bathrooms - including an ensuite - provide everyday convenience. Recent improvements completed in 2026 include new hybrid flooring throughout the lounge room, hallway and three bedrooms, along with the installation of a new hot water system. Outdoors, the expansive rear yard offers ample space for future extension, landscaping or redevelopment, further enhancing the property's long-term potential. Centrally positioned, the home is within easy reach of local shops, quality schools and parklands, and just moments to the Woden Town Centre, major arterial roads and The Canberra Hospital. Whether you are looking to invest, renovate or build your dream home, this is a rare opportunity to secure a substantial block in a tightly held and central location. Features: An attractive investment with immediate rental income 1066m² block in a central Lyons location Four generous bedrooms Two bathrooms including ensuite Multiple living areas including rumpus/sunroom Neat, updated kitchen with neutral finishes Gas and electric heating Spacious rear yard with future potential Single lock up garage Close to Woden Town Centre, local shops and schools Easy access to arterial roads and The Canberra Hospital Land Tax - $2,567 *per quarter Rates - $1,248 *per quarter UV - $827,000 (2025) Disclaimer: All care has been taken in the preparation of this marketing material, and details have been obtained from sources we believe to be reliable. Blackshaw do not however guarantee the accuracy of the information, nor accept liability for any errors. Interested persons should rely solely on their own enquiries.