29 Bailey Place, Yarralumla.
Freestanding Opportunity In A Highly Regarded Locale
Set in a private, tree-lined location on a 505sqm parcel, this former duplex is now a standalone residence. With close proximity to the lake and Inner South location, it holds significant potential for future development, making it a sought-after investment opportunity. Upon entering the home, you're welcomed by a bright and airy interior that seamlessly invites you to the main living and dining areas. Just off your main entertaining area, the well-equipped kitchen offers plenty of storage, generous counter space, and views of the garden. A dedicated laundry room and powder room is positioned off the kitchen providing convenience when entertaining. Stepping upstairs, the home offers generous accommodation with three well-proportioned bedrooms, two of which feature built-in wardrobes. The large main bathroom services the top floor. Enjoy stunning views of the lake and iconic Canberra landmarks from the comfort of your home, adding a picturesque backdrop to your everyday living. Ideally situated, this home is located 300 meters from Lake Burley Griffin, 2 minutes from Weston Park and the Yarralumla Shops. While the existing dwelling holds endless possibilities from renovation, extension or bulldozing and re-building, it sits on a flat generous block with an ideal location, opening the door to numerous possibilities. With easy access to top schools, the Parliamentary Triangle, the CBD, and local parklands, this residence delivers exceptional convenience. * 505sqm Parcel * 119sqm Internal living * Prime Inner South location * A short walk to Yarralumla Shops * 300 meters from Lake Burley Griffin * A 2-minute drive to Weston Park * Proximity to well-renowned schooling Rates: $6,942pa (approx.) Land Tax: $15,162pa (approx.) UCV: $1,440,000 (2024) EER: 3.0 Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must rely on their own enquiries. This business is independently owned and operated by Belle Property Canberra. ABN 95 611 730 806 trading as Belle Property Canberra.
Your local office.
Since opening our doors in 2016, Belle Property Canberra has grown into one of the region’s most trusted and values-driven real estate agencies. Led by Co-Principals Richard Davies and Dan McAlpine, brothers-in-law with a shared commitment to people and place, the business has evolved through almost a decade of consistent results, thoughtful service and genuine community connection.
At Belle Property Canberra, three values shape everything we do:
Integrity - We do what’s right, not what’s easy. No shortcuts. No compromises. Every client, every campaign, every decision is handled with transparency and honesty.
Care - Our clients, customers and team are at the heart of our business. We approach every interaction with empathy, diligence and respect, ensuring each person feels supported through every step of their property journey.
Family - We believe great outcomes come from great relationships. As a team that operates like family, we bring that same sense of connection and belonging to the people we work with, creating an environment where everyone is included in the day-to-day of the business.
With teams now operating across Canberra, Queanbeyan and the Snowy Mountains, we offer clients the strength of a unified network and the insight of deeply local expertise. Backed by Belle Property’s premium marketing, national reach with over 200+ offices and innovative approach, our sales and property management professionals deliver a standard of service defined by expertise and driven by results.
As we continue to grow in 2026, our expanding Canberra team will soon call 1/19 Eastlake Parade home - a new space that reflects our direction, our values and our commitment to serving the region with even greater care and capability.
Nearly a decade on, our purpose remains the same: to lead with integrity, work with care, treat people like family, and achieve exceptional results for every client we serve.
Services: Residential sales, Rural sales, Property Management & Leasing and Holiday Homes.
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