5 Lutana Street, Lyons ACT 2606

93% owner street | 50yr first sale | 921m² north rear | auction May 9 The elevated north-rear block on a high-side street with 50-year family tenure presents a rare scarcity premium that will be priced into competition, yet the 17% building coverage on 921m² signals land value significantly exceeds the current house’s worth. Renovation scope is real but must be measured against the $1,070,000 estimated value, where any update costing over $150,000 risks overcapitalising relative to the Lyons median. The property is best held as a long-term land bank with interim rental yield at $705 per week, not a quick flip. The freshly painted interior with hardwood floors and built-in wardrobes provides immediate livability for an owner-occupier, while the north-to-rear orientation and elevated views to Mount Taylor are features rarely combined at this price point in Lyons. This suits a buyer prioritising land depth and future extension potential over a turnkey finish, and who is willing to compete at auction for a street with 57 properties and 57% owner occupancy. To secure it before May 9, engage a buyers agent to assess the true land value ceiling and set a firm walkaway number based on your renovation budget or hold period.