7 Teece Place, Evatt ACT 2617

Large 843m² block | 118m² house | strong owner-occupier street | heating and fireplace included This property offers a rare configuration advantage: a generous land holding in a street with 90% owner-occupiers, where the modest 118m² house sits at only 14% site coverage. For a buyer, that underutilisation signals genuine potential to extend, rebuild, or hold for land-value appreciation in a suburb with strong clearance rates. The open fireplace, deck, and shed add practical liveability, and the 2019 purchase price of $520,000 shows the land alone has appreciated significantly since. This suits a buyer wanting to secure a foothold in a stable pocket of Evatt, particularly one open to future renovation or capitalising on the site’s scale. The main risk is the property’s dated interior and zero energy rating, which will cost in ongoing heating and cooling and limit immediate rental yield. The unimproved value of $520,000 in 2025 suggests the land component is already priced in, leaving less upside from a quick flip. However, with no bushfire or flood overlays and NBN Fibre to the Node, the holding costs are manageable. The opportunity is to buy for the land, hold for three to five years, and either renovate to lift value or subdivide if zoning permits. Use this property as a long-term land bank with a liveable starter home on top.