A boutique complex of six townhouses, on a tree-lined street in a central location that investors are flocking to – but that’s only scratching the surface of what is on offer at Narrabundah’s newly launched development Iris.
You could argue Iris has been a long time coming. A site that was scoped out when the builder/developer Vemira Design moved to the location from Europe in the early 1980s.
Almost 40 years later they have returned, albeit a touch up the street, but in an area that they have loved for so long.
“The development was given the name Iris because one of the things they loved most about this area of Narrabundah was the large volumes of iris plants that adorned the gardens,” says agent Grant Loiterton of Ray White Canberra.
Unlike other developments, at Iris your individual opinion matters.
“The developer welcomes buyers’ input. This could range from the finishes to the layouts and even the number of bedrooms,” says Loiterton.
“There are two specified colour palettes on offer, but that doesn’t mean you can’t tailor the finishes to be exactly how you want them. So, say you wanted to change the timber flooring, the tiling in the bathrooms or the colour of the carpet or the blind selections – all of which are included in the advertised price – the options are there for you.”
Currently, there are three and four-bedroom layouts available, with individual floor plans and two living areas.
But the designs are so versatile that you can close off the second, smaller living area to create a fourth bedroom. And you won’t lose out on living space because the main living area already comes in at around 36 square metres of space.
The kitchen can cater to the whole family with luxe stone benchtops, breakfast bar overhang, SMEG appliances and a walk-in pantry.
The private outdoor courtyards range from 77 to 192 square metres.
“The facade is an architecturally designed combination of contrasting render tones and timber with the hero being a unique brick called PGH Tribeca,” says Loiterton.
“It’s a chic, industrial and a striking-looking brick variance – a real tip of the cap to the era of Narrabundah, allowing Iris to sit in harmony with its surroundings.”
It’s no secret that Narrabundah has made some vast improvements over the years, becoming one of Canberra’s most sought-after locations given its proximity to hubs like Manuka, Kingston and the CBD.
Even the local shops have built a significant name with popular restaurants like La Cantina and XO taking residency. I’d move mountains to be that much closer to a plate of XO’s Asian bolognese. Luckily, opportunities like Iris mean it doesn’t have to be that difficult.
“Construction is well underway with the basement dug and nearing completion,” says Loiterton.
“Completion is not contingent on pre-sales so, other than unprecedented weather, there is nothing stopping us from our completion this coming May.”
Price guide: $1 million +
Agent: Ray White Canberra, Grant Loiterton 0419 715 736