24 Tambo Street, Kaleen ACT 2617

3b1b on large 744m² block | modest 100.5m² living | low EER 0.5 | Kaleen family suburb This house presents a clear land-value proposition, with its 744m² parcel in Kaleen being its primary competitive strength. The internal floorplan is basic and dated, evidenced by the very low energy rating and modest living area, but the large, usable block creates immediate utility for families or future expansion. It serves the buyer seeking entry into a established suburb with space for children, pets, or long-term capital improvement, where the land component significantly outweighs the current dwelling’s contribution. The decision hinges on accepting a functionally obsolete house to secure the land. The risks are crystallised in high upgrade costs for energy efficiency and modern amenities, while the opportunity is securing a large block below the price point of renovated homes. A plain judgment is to acquire for hold, budgeting for a strategic rebuild or major renovation within a decade to realise the underlying land value. Recent comparable sales nearby: – 4 Tambo Street (3b2b1p) sold $915,000 in June 2024. – 24 Maranoa Street (4b2b2p, 709m²) estimated value $1,035,000. These sales demonstrate strong underlying demand for land in the locale. The subject property’s simpler configuration and condition place it at a lower value point, confirming its position as an entry opportunity into the suburb’s land market.