If you've always dreamed of a Red Hill address, you need to inspect this property

Coveted by young families for the surrounding schools and by savvy buyers for capital growth, homes don’t come up often here, but when they do, they don’t last long.

Number 28 Fortitude Street, Red Hill, is a rare foothold in an aspirational suburb, where the “opportunity and options” are the greatest drawcard, according to Hive Property selling agent Josh Morrissey.

“Red Hill is one of the hottest, most prestigious areas of Canberra, with elevated views over the city," Josh says.

"It’s highly regarded by young families thanks to the excellent schooling options. People move in and they don’t move out.

“tThis home is a chance to buy something in a very tightly held suburb and gradually make it your own.

“On the other hand, anyone with a keen eye for the value of a suburb, the opportunity it presents over time and the compounding effect of that will see endless options to renovate this home into a turnkey, extend or knockdown and on-sell it to a large buyer base.”

Josh describes Red Hill as "one of Canberra’s most significant growth areas during COVID", offering consistently impressive capital uplift outside of that.

“Essentially, the buyer can create their own value in a suburb known for exactly that,” he says.

Though many of the older homes in the area have been fully renovated or are knockdown-rebuilds, including huge architect-designed mansions, Red Hill retains the charm that comes with being one of the capital’s older suburbs: both in the aesthetic and the sense of community that has bloomed over time.

Set on more than 650sqm on an elevated part of Red Hill, at the base of Red Hill lookout, the home was built in the 1950s.

The price guide welcomes offers above $1.6 million.

“If you’re living in a bordering area like Woden Valley and looking to move to a more centralised location, this is your chance to enter that market,” Josh says.

“You’re also purchasing into a league of blue-chip properties, representing an opportunity to capitalise on the properties around you.

“The house itself also presents options. It currently has views to Black Mountain on the northeast side, but you could create enormous value by building up and capitalising on potentially great views.”

The home has a spacious and functional kitchen with electric stainless steel appliances, an open-plan living area and a dining space.

The main bedroom contains dual wardrobes and there are two additional spacious bedrooms. The study makes for the ideal work-from-home office or space for the kids to do homework.

The timber deck is a lovely spot for a quiet cuppa or for activity from the kitchen to spill out onto.

The under-house rumpus has an additional toilet and can also be used for extra storage space, and there’s a double-car garage with an automatic roller door. The home comes with solar panels.

Located a short walk from Red Hill Nature Reserve, a two-minute drive to Red Hill Shops, a short drive to Telopea Park School, Canberra Girls’ Grammar and Canberra Grammar School, and just 11 minutes from the CBD, this is a trophy address anyone would be proud to call home.

28 Fortitude Street, Red Hill, is open for inspection on Tuesday 20 June and Wednesday 21 June 2023 between 12 noon and 12.30pm. the property will be auctioned at 5pm on Thursday 29 June 2023.

View the full listing.

Article originally written and published by The RiotACT.