15 Dame Zara Street, Gungahlin ACT 2912

4BR freestanding home | 501sqm block | Gungahlin core | renovated edge | auction 23 May This house offers a rare combination in Gungahlin: a fully renovated single-level home on a full 501sqm lot with 44% building coverage, meaning usable outdoor space remains. The 2004 build with modern finishes means no structural surprises typical of older stock, while the renovated interior gives it an immediate turnkey advantage over comparable listings. The property sits in a street with 80% owner-occupancy, suggesting stable neighbourhood character. Best suited to a family wanting school catchment access to Harrison School and Gungahlin College without compromising on block size. The primary risk is the 2022 purchase price of $1.139m, meaning any offer near the estimated $1.082-1.104m range still sits below the prior peak, but market softening could test resale if held short term. The rental midpoint of $805pw offers a gross yield around 3.8%, acceptable but not exceptional for the area. No bushfire or flood overlay reduces insurance burden. Hold for a minimum five-year cycle to absorb transaction costs and capture Gungahlin’s steady owner-occupier demand.