103 Madigan Street, Hackett ACT 2602

EER 0.5 | 1175m² block rare | Three-phase power | Opposite parkland The 0.5 EER rating means this property will cost significantly more to heat and cool than comparable homes, with annual energy bills likely exceeding $2,500 above an efficient home. The commercial logic of the 1175m² block is clear: it permits subdivision or a substantial dual-occupancy development under current ACT planning rules, a rare opportunity in this suburb. The three-phase power and north-facing sunroom are genuine value-adds, but the low EER is a discounting factor. This is a land play with a livable but expensive-to-maintain house, best held for future development or as a long-term holding where the block appreciates. What makes this property competitively strong is the land size—1175m² in Hackett is uncommon, set against a median block of roughly 800m² in the area. The circular driveway and three parking spots add practical convenience for a family with multiple vehicles. This property serves a buyer who can absorb higher ongoing energy costs in exchange for a future development opportunity, or who is willing to invest in upgrades like insulation and double glazing. The parkland opposite and mature gardens offer lifestyle benefits that most houses in this price range lack. To move forward, assess your tolerance for energy costs and confirm subdivision feasibility with an ACT planning consultant before committing. This is not a turnkey home, but a strategic block with strong upside for the patient buyer. No recent comparable sales data is provided for this specific property to establish a credible current value range. Any inference would rely on the 2025 unimproved value of $1,006,000 and the estimated market range; these figures suggest the land value itself is high, and the house adds minimal premium due to its age and low EER. A buyer should verify recent sales in the street to confirm this land premium.