22 Callaway Cres, Gordon ACT 2906

Very energy inefficient for a modern family | Risk of undersize or misstated floorplan | Sits on a large block with redevelopment potential only if zoning is confirmed | Auction date now approaching reduces your negotiating room The property carries two material risks that must be priced into your bid. The first is the energy rating; a 3.5 star home will cost a buyer roughly $800–$1,200 more per year in heating and cooling versus a comparable 6-star house, and this gap grows with rising electricity tariffs. The second is the uncertain floor area. With one source showing 168 m² and another 201 m², a buyer could be paying for space that does not exist, or the layout may feel smaller than expected. That said, the 884 m² block in a mature Gordon street is genuinely scarce, and the north-facing balcony and covered deck are features that hold resale value well in the Tuggeranong market. If you secure this below land value, it becomes a hold-and-renovate property, not a turnkey family home. This house competes best against newer Gordon builds because of block size and location within the Lanyon school catchment. Few freestanding homes of this age on close to 900 m² come to market in this pocket, which means a motivated buyer gains a position where future neighbours will likely be smaller blocks. The double garage and Rinnai gas system are standard for the era but not a differentiator. Who this suits is a buyer willing to spend $30,000–$50,000 on insulation, double glazing, and potential floorplan reconfiguration to lift the EER and maximise usable space. Without that work, the property is a compromised family proposition. The closing window before auction means your strongest move is to obtain a building and pest inspection immediately, then present a pre-auction offer that reflects both the energy deficit and the square-metre ambiguity.