6/2 Ridding Street, Forde ACT 2914

Modern 4-bed townhouse | large 2269m² block | multiple-unit zoning | FTTP & double garage | near colleges & transport This property’s configuration is its primary strength: a four-bedroom townhouse on a large, multi-unit zoned block is a rare offering in Forde, providing a scarcity premium over typical two-bedroom units. Its size and zoning suit a family seeking space or an investor eyeing future development potential, supported by proximity to schools and high-speed internet. The modern build with quality inclusions and double garage positions it as a turnkey proposition in a suburb where larger townhouse stock is limited. The decision hinges on the significant price growth since its 2019 sale, demanding scrutiny of recent comparable sales to validate the current premium. The adjacent 2-bed sale at $785,000 underscores the value of extra bedrooms and the block size advantage here. For a buyer, the opportunity lies in securing a larger-format property with land component upside; the risk is overpaying for unproven future density gains. Proceed only if the price aligns with demonstrable value per square metre against true four-bedroom comparables, otherwise the premium erodes investment logic. Hold for long-term capital growth driven by its underlying land attributes. Recent sales on Ridding Street provide essential context: – 14 Ridding Street: 2 bed, 1 bath house sold for $785,000 (July 2025). – Adjacent 2 Ridding Street: 4 bed townhouse estimated at $1,382,000. This demonstrates a clear value ladder where bedroom count and property size command substantial premiums. For this 4-bed townhouse, the comparable data suggests its asking price seeks to capture the value of its larger format and block size, but requires verification against actual 4-bed sales to ensure the premium is justified.