47 Eddy Cres, Florey ACT 2615

4 bed family home on large 881m² block | Florey Primary catchment 0.5km | Low building coverage for expansion | Unimproved land value anchors price This property presents a strong case for a long-term family purchase, combining a substantial and under-utilised block in a stable suburb with direct access to a sought-after government primary school. The low 29% building coverage and significant 881m² land parcel offer clear potential for future extension or renovation, a tangible value-add that is increasingly rare. It best serves an owner-occupier seeking space and school security, or a strategic buyer intending to capitalise on the land-to-asset ratio over time. The primary risk is the outdated building condition implied by its age and EER 4.5 rating, which will impose immediate capital and operational costs on the buyer for modernisation and energy efficiency. The opportunity lies in acquiring a large block in a quiet street where the unimproved land value provides a solid floor, making the premium for the house itself relatively low. Proceed with an offer strategy that reflects the cost of necessary upgrades, as this is a hold-and-improve proposition. Our report provides the precise market valuation and locality due diligence needed to anchor your offer and assess upgrade feasibility against the recent sale at 38 Eddy Cres for $1,200,000, which supports the current listing estimates.