5 Doughty Place, Gilmore ACT 2905

Large block | EER 0.5 | $472k land | 2006 last sale The decision hinges on land-to-building ratio. An 818 m² block with only 122 m² internal is a strategic buy for someone prepared to hold. The 0.5 energy rating is a material cost risk, adding roughly $150-$250 quarterly to heating and cooling bills compared to an average-rated home. Rental yield at 4.02% is marginally above suburb median, making this viable as a hold for capital growth rather than cash flow. The land value at $472k represents 51% of the asking range, which is favourable for long-term appreciation. In plain terms, this property works as a land play, not a turnkey home. Competitively, the cul-de-sac position and five parking spaces are rare in Gilmore and command a premium for families with multiple vehicles or a trailer. The 87 walk score and proximity to two school catchments reduce vacancy risk for investors. This serves best a buyer who can absorb the energy inefficiency in exchange for land banking, or an owner-occupier willing to invest $30k-$50k in insulation and glazing. The last sale in 2006 for $340k shows a 172% nominal gain over 18 years, but annualised that is only 5.7%, underperforming the broader Canberra market. Your next step is to commission a pest and building inspection specifically for the fireplace and balcony structure, as these two features carry the highest deferred maintenance risk on a property with no recent upgrades.