10 Hart Close, Palmerston ACT 2913

2.5 EER | 1 bathroom | 30% site coverage | $5,004 land tax risk | no heritage overlay protection The 2.5 energy rating directly costs you higher ongoing utility bills and reduces appeal to future buyers, given Palmerston’s newer stock averages 6 stars. The single bathroom on a four-bedroom floorplan limits rental demand and resale pool to investors or first-home buyers willing to renovate. Land tax at $5,004 annually if tenanted erodes net yield below market, and the 30% building coverage leaves constrained scope for extension. For a buyer, this is a hold-and-improve property, not a passive hold. The opportunity lies in the 400m² block with no overlays, which permits a straightforward bathroom addition or rear extension without council red tape. What is competitively strong here is the quiet cul-de-sac position within walking distance to Palmerston District Primary and Gungahlin College, combined with FTTP NBN—rare in 1980 builds. The single-level layout suits downsizers or families seeking a low-maintenance entry point into the Gungahlin corridor. It serves best a buyer prepared to invest $40,000 to $60,000 on a second bathroom and basic energy upgrades, lifting EER to 5 and unlocking a $850 per week rental ceiling. The next step is to commission a building inspection focused on insulation and window glazing to quantify upgrade costs before making an offer.