2/4 Cavenagh Place, Mckellar ACT 2617

1985 build | Low energy rating | Large subdivided block | 3-bed townhouse This property presents a competitively priced, low-maintenance entry into a stable Canberra suburb, best suited to a first-home buyer or investor seeking established rental yield. Its three-bedroom configuration on a substantial, subdivided block offers relative scarcity in the unit market, while its school catchments and 5G coverage provide foundational amenity. The recent 2021 sale establishes a clear price trajectory. The decision hinges on accepting high utility costs from a poor energy rating and potential capital lag from its dated build. The opportunity lies in the under-utilised block size, which may support future landscaping or external improvement, enhancing livability and value. Treat this as a long-term hold; any immediate renovation budget must first address efficiency to mitigate holding costs. * Last sold 11 May 2021 for $650,000. * Prior sales on the larger parent block ranged from $133,000 to $155,000 in the 1990s. The 2021 sale price demonstrates solid capital growth from its original value, setting a credible baseline. The historical data confirms the subdivision’s history, reinforcing the lot’s established legitimacy.