24 Hannan Cres, Ainslie ACT 2602

Low EER 2.5 | dated structure | rental shortfall risk | upside capped by land size | buyer premium for location alone The property presents a clear tension between location and thermal performance. The 2.5 EER rating creates a measurable heating and cooling cost penalty, likely exceeding $1,500 annually versus a 5-star equivalent, and reduces appeal to efficiency-conscious buyers at resale. The 523m² block in Ainslie is inherently scarce, but the improved value of $755,000 indicates land dominates current pricing, leaving limited scope for value-add beyond cosmetic work. This is a hold-and-enjoy proposition, not a redevelopment play. What is competitively strong is the established low-maintenance garden with irrigation and the renovated open-plan layout, which reduces immediate buyer outlay. The location within North Ainslie Primary catchment and proximity to Mt Ainslie trails supports family or downsizer demand. This property best suits a buyer prioritising immediate lifestyle convenience over long-term capital growth efficiency, or one willing to invest in insulation and window upgrades to lift the EER. A building and pest inspection is essential given the 1953 structure.