13 Henry Melville Cres, Gilmore ACT 2905

3-bed house on 757m² lot | 5 car spaces | no overlays | strong rental yield This house presents a clear value proposition through its substantial land component and functional configuration. The 757m² block with a 38% building footprint offers rare sub-division or extension potential within this price segment, a tangible competitive edge. Its five car spaces cater specifically to multi-vehicle families or trades-based occupants, creating a durable demand profile. The absence of bushfire or flood overlays removes a significant regulatory and insurance risk, streamlining due diligence. This property serves the long-term holder seeking land appreciation with immediate income support from a strong rental yield. Proceed with an offer anchored to the lower valuation band, as the 14-year gap since last sale obscures true market calibration. The missing data on interior condition and comparable sales necessitates a stringent building inspection and a valuation contingency. The commercial logic is to secure the land, tolerate any cosmetic shortcomings, and leverage the high-yield rental to service debt while planning for future development. This is a hold-and-improve asset, not a short-term trade.