24 Kirkwood Cres, Gordon ACT 2906
24 Kirkwood Cres, Gordon ACT 2906
| 4.0 EER energy risk | $975/wk rent ceiling | undersold by $120k+ in 2023 | airport flight path? |
The propertyβs 4.0 energy rating directly increases weekly heating and cooling costs by an estimated $30β$50 over a typical ACT house, and the $3,104 council rate adds $60/week to holding cost before mortgage service. Its 915mΒ² block in a suburb with $870k median house price offers a rare land-to-improvement ratio advantage; the 227mΒ² floor area on that block should command a $100kβ$150k premium over median, yet the mid-range valuation at $1.24m suggests the market has not fully priced the land upside. Hold as a long-term land bank or renovate selectively to lift EER above 5.0.
The 2023 private treaty sale at $1.12m versus current $1.24m mid-range indicates the property has appreciated 10.7% in three years, below Gordonβs 12% suburb growth, signalling a value gap. Its 6 bedrooms, 3 bathrooms, and double garage on a corner block within priority school catchmentsβGordon Primary at 0.8km and Lanyon High at 1.3kmβmake it a functional multi-generational home or a candidate for a dual-occupancy subdivision under ACT planning rules. Best suited for a family seeking school access and land value, or an investor capitalising on the $975 rental yield gap.
Book a private inspection on 25 April to assess the 2023 renovation quality and commission a structural pest report before auction day.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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.