21 & 23 Mouat Street, Lyneham, ACT 2602

An exceptional opportunity awaits in the tightly held suburb of Lyneham with this rare combined offering of two adjoining properties, spanning approximately 1,136m² across two separate titles. Positioned directly opposite open green space and community ovals, and within walking distance of shops, transport, and schools, this is a blue-chip inner-north site primed for redevelopment.

Zoned RZ3 Medium Density Residential and identified in Canberra's Territory Plan (Inner North and City District Strategy), the site offers outstanding potential for boutique townhouse projects, dual occupancies, or low-rise apartment living (STCA). Its generous land size, street frontage, and prime positioning make it ideal for builders, developers, or land-bankers seeking capital growth, flexibility, and long-term rental yield.

Key Highlights:

● Combined landholding: Approx. 1,136m² (two separate titles)
● Zoning: RZ3 (Medium Density Residential) identified in the ACT Territory Plan for future development (see District Strategies 2023, Vol 2, Inner North and City, page 14).
● Strategic location: Located directly opposite lush green space, these properties offer immediate access to scenic walking and cycling trails. Enjoy easy walking distance to the vibrant Lyneham shops (900m), Dickson shopping and dining precinct (800m), and local schools including Lyneham High School (500m) and Brindabella Christian College (500m). Just a short stroll to popular cafes, restaurants, sporting facilities, and the Dickson light rail stop (500m), providing effortless connectivity to Canberra CBD and the Australian National University (ANU).
● Enhanced redevelopment potential under the ACT's 'Missing Middle' housing reforms: Current draft planning reforms propose key changes for RZ3 zones, including:

o	Increased maximum building height to 12.5 metres (up from 9.5m), allowing for up to four storeys.

o	Reduced minimum setbacks and increased flexibility in site coverage to support greater design innovation.

Current Dwellings and Rental Returns:

Well-maintained, solidly built homes (one recently renovated). Both providing immediate rental return and secure tenants – ideal for a staged approach to your development.

21 Mouat Street:

●	3 bed, 1 bath, separate WC, 1 car
●	Rent: $580 per week

23 Mouat Street (Social Housing - YWCA Rentwell Program):

●	3 bed, 1 bath, separate WC,  1 car + 2-bed studio
●	Rent: $570 per week (discounted rate, from $800 pw)
●	Exempt from land tax; foregone income ($230 pw) claimable as charitable donation (further details at YWCA/Rentwell).

Investment Appeal:

● Immediate rental income while obtaining redevelopment approvals.
● Opportunity to leverage current and future ACT Government urban renewal policies aimed at addressing Canberra's housing shortage.
● Strong future capital growth potential in a sought-after inner-north location.
● Ideal for developers, builders, investors, or land-bankers.

Statistics:

●	UCV: $614,000 (21 Mouat), $709,000 (23 Mouat).
●	EER: 2.0 (21 Mouat), 5.5 (23 Mouat).
●	Block size: Approx. 1,136m² (two separate titles).
●	Rates (Residential, if rented, approx.): $871 per quarter (21 Mouat), $965 per quarter (23 Mouat).
●	Land tax (Residential, if rented, approx.): $1656 per quarter (21 Mouat), $1,870 per quarter (23 Mouat).

Opportunities like this in Lyneham are incredibly rare – secure your next project or landbank in one of Canberra's most desirable suburbs. A strategic investment, a rare footprint, and endless potential - 21 & 23 Mouat Street, Lyneham won't last long.