5/61 Maynard Street, Ngunnawal ACT 2913

3-bed townhouse | Ngunnawal primary zone | single bath catch | 123m² on 2028m² land The property’s key buying case rests on its land-to-building ratio, sitting on a substantial 2028m² parcel with only 123m² of living space. For a buyer willing to renovate or extend, this configuration offers rare value-add potential in a suburb with 71% owner-occupier density and strong clearance rates. The priority enrolment for Ngunnawal Primary and Gold Creek School makes it suited to families seeking established school catchments, while the absence of flood or bushfire overlay reduces due-diligence friction. The single bathroom is the limiting factor for owner-occupier appeal, but for an investor targeting the $620 weekly rental estimate, the yield sits near 4.6%, which is competitive for a townhouse in this corridor. The main risk is the dated single-bathroom layout, which will cap resale demand and limit rental pool to smaller households or singles. The 1996 build means mechanical systems and finishes may need attention within five years, adding $15,000–$25,000 in deferred maintenance. However, the large land component and FTTP connectivity give the property a structural advantage over newer units with no expansion room. The buyer’s best use is a medium-term hold with a targeted kitchen-bathroom refresh to lift rental yield above 5%, then exit into the owner-occupier market when the suburb’s median rises above $800,000.