6 Madigan Street, Hackett ACT 2602

Low EER | mid-block position | no heritage overlay | solid land component | older construction cycle risk. This property carries a 1.5 EER which will cost a buyer roughly $2,800–$3,500 annually in heating and cooling compared to a typical 4-star home. The unimproved land value of $641,000 suggests roughly 64% of current pricing sits in the site, not the structure. That land component is the durable store of value here, not the mid-century shell. A buyer should hold this property for land appreciation and budget for envelope upgrades before capitalising on rental yield, which sits around 3% at current estimates. The 552 m² block in Hackett provides scarcity value. Few free-standing sites remain at this size inside the inner north ring. The dual occupancy zoning on the title adds optionality for future subdivision if council appetite shifts. This property suits a buyer who can tolerate an older dwelling and a patient capital improvement timeline, not someone seeking immediate rental arbitrage. The next logical step is a pre-purchase building inspection and an energy consultant quote for insulation and glazing upgrades to close the gap between current running costs and market expectations.