30 Redfern Street, Cook ACT 2614

Large family block in established suburb | 853m² with low coverage | Energy rating a major liability | Strong rental yield for investor This house presents a rare opportunity to acquire a large, level block in the established inner-north suburb of Cook, with significant future development potential due to its 853m² size and only 17% building coverage. The current three-bedroom home, while dated, is liveable and offers secure parking for four vehicles. It serves a family seeking entry into a premium school catchment or an investor targeting strong rental demand, evidenced by the estimated $670 per week and a 3.36% yield. The critical decision point is the 1.0 energy efficiency rating, which represents a severe functional and financial liability requiring immediate capital investment for compliance and livability. The substantial land tax liability of over $8,200 annually dictates this must be a primary residence, not a passive investment. Proceed only with a renovation budget that addresses the energy performance, thereby unlocking the underlying land value; otherwise, the holding costs will erode any land banking advantage. Sales history indicates steady long-term capital growth. The 2000 sale at $186,000 and the 2013 purchase at $550,000 demonstrate a strong historical trajectory. The current offer range aligns with the estimated market value, suggesting the listing is priced to market rather than at a premium.