11/4 Martel Street, Denman Prospect ACT 2611

North-facing balcony with panoramic views | RZ4 medium-density zone in a 90% owner-occupier pocket | 6-star energy rating with double glazing | Tandem garage with internal access on a 6709m² block This townhouse sits in a rare configuration for Denman Prospect: a 208m² building on a substantial land holding within an RZ4 zone, meaning the land component carries medium-density redevelopment optionality that most townhouses lack. The north-facing orientation, 6-star energy rating, and floor-to-ceiling sheers in the master suite create a genuinely passive solar advantage that reduces ongoing utility costs and supports premium rentability. The 90% owner-occupier ratio in the immediate area suppresses vacancy risk and supports capital stability. For a buyer seeking a dual-purpose hold—either as a high-yield rental with $660–$830 per week potential or as a future site for densification—this property offers a structural edge over standard strata product. The bushfire overlay is the primary risk; it may tighten financing options and increase insurance premiums, which a buyer should quantify before exchange. The 62m² tandem garage, while generous, reduces usable internal footprint relative to the total building area—the actual living space is 120m², which is modest for a three-bedroom. The 2021 last sale and current estimated value suggest limited recent capital growth, meaning the buyer’s return relies more on rental yield and land appreciation than short-term price uplift. Hold for income and land banking; sell only if the Molonglo Valley zoning shifts upward.