5/5 David Street O'Connor ACT 2602

3-bed townhouse on large 1347m² lot | Priority school catchments | Recent comparable sale at $900k | No overlay risks This property presents a competitively strong proposition due to its unusually large land holding for a townhouse, directly enhancing its capital position relative to typical attached stock. Its priority enrolment for several sought-after public schools creates inherent demand from families, serving owner-occupiers seeking space and catchment security or investors targeting stable rental yields from that demographic. The recent sale of an identical unit in the same complex provides a clear benchmark for current market value. The primary decision rests on paying a premium for the lot size within a multi-unit complex, a configuration that carries strata title risks and potential capital constraints not found in free-standing houses. The commercial logic is clear: secure a family-suitable property in a convenient location without the full standalone price, accepting shared ownership costs. Proceed with an offer strategy anchored to the $900k comparable, contingent on a strata report. Our analysis can validate this valuation and detail locality-specific risks for insurance and holding costs. Recent comparable sale at 2/5 David Street achieved $900,000 in October 2025. This transaction, for an identical 3-bedroom townhouse in the same complex, firmly supports the current asking price and indicates sustained demand in this specific precinct.