4 Alison Ashby Cres, Banks ACT 2906

4 bed study | 640m² block | 100% owner-occupied street | $930pw rental potential The property’s competitive edge lies in its oversized 317m² building footprint on a 640m² block in a street with zero rental stock-this configuration is rare in Banks and signals strong owner-occupier demand. The optional fifth bedroom with ensuite and walk-through robe gives it a dual-use advantage for families needing a home office or guest wing, and the 2025 unimproved value of $450k suggests land content is well below current market estimates, offering reasonable downside protection. Best suited to a family prioritising space and school catchments, with Charles Conder Primary and Lanyon High within 2km. The primary risk is the 2007 purchase price of $250k-any vendor holding that long may have unrealistic expectations despite the market settling around $1.12m to $1.2m. The 74% auction clearance rate for 4-bed houses locally supports a sale, but the property’s recent off-market status after a scheduled auction could indicate a price gap. Rates of $2,983 and land tax of $5,160 if rented are manageable, but the rental estimate of $930pw gives a gross yield of roughly 4%, which is acceptable but not exceptional for Canberra. Hold for family occupation or rent until market conditions shift-this is a hold-and-use proposition, not a flip.