2 Fingleton Cres, Gordon ACT 2906

2 Fingleton Cres, Gordon ACT 2906
Old floor plan | weak energy rating | split data | high UV-to-price ratio This listing carries three structural risks. The 1.5 EER imposes a measurable discount in resale value and ongoing utility cost, particularly against newer stock. The conflicting house size figures create valuation ambiguity; a buyer paying near $1.1m on an assumed 375 sqm living area may discover actual usable space closer to 185 sqm, compressing per-square-metre value. The unimproved value of $580k against a $1.1m price implies the dwelling itself is priced at roughly $520k, which invites depreciation scrutiny. On opportunity, the 1119 sqm block offers subdivision potential or a future dual-occupancy pathway, but the current structure and zoning suggest hold for land banking rather than immediate redevelopment. The judgment: this is a land play with a dated house, not a turnkey home. The competitive strengths are the block size and location. A parcel over 1100 sqm in Gordon is rare in this price range, and the proximity to primary and secondary schools gives it a stable rental market for a buy-and-hold investor. The four parking spaces and outdoor entertainment area add practical appeal for families, but the age and energy shortfall mean it will compete more on land value than house condition. This property best suits a purchaser who values future subdivision rights over immediate move-in quality and who can absorb a capital works budget for upgrades. If the sale period extends past 30 days, the price softness will confirm the discount needed for energy and size uncertainty; act only with a building and depreciation report in hand.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Gordon is a mature, established suburb in Canberra’s south, characterised by a stable, professional demographic. Demand is primarily driven by owner-occupiers, many of whom are mortgaged professionals, supporting consistent sales activity. Recent price growth has been steady, with houses transacting relatively quickly, indicating solid underlying demand. Future growth is supported by ongoing population increases, though the market faces potential sensitivity to interest rates given the high proportion of mortgaged owners, and rental supply appears notably constrained.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

4

Land

1119mΒ²

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