22 Meyers Place, Macgregor ACT 2615

7-bed multi-residence estate | 1294m² lot in Macgregor | Newly renovated | Auction scheduled This property presents a rare, high-density residential opportunity, combining a substantial landholding with a newly renovated seven-bedroom configuration that functions as a multi-residence estate. Its scale and subdivision potential are its primary competitive strengths, catering specifically to extended families, investors seeking multiple income streams, or developers eyeing the large, unencumbered block. The absence of environmental overlays simplifies due diligence, while the priority catchment for a local primary school adds a stable demand lever for family occupants. Proceed with the understanding that its value is heavily tied to its unconventional scale, which narrows the buyer pool and introduces valuation risk against standard suburban stock. The extended time on market prior to the distant auction date may indicate pricing misalignment or market hesitation. Secure it only at a discount to its estimated range, with a clear plan to utilise its multi-residence format or land bank for future development. This is a strategic hold, not a conventional family home. A recent sale at 11 Meyers Place, a smaller 4-bedroom house, achieved over $899k. This transaction underscores the premium for land and size in the street, directly supporting a higher valuation basis for this substantially larger property at number 22.