36 Gatty Street, Scullin ACT 2614
36 Gatty Street, Scullin ACT 2614
Single-level 3-bed house | established Scullin block | tight rental demand | renovation potential | 3-4 car spaces
The property is understood to be a single-level detached house from Scullin’s older suburban stock, with three bedrooms, one bathroom, and generous car accommodation. Its position on a conventional block places it within an established family area where larger lots and renovation potential are valued. The strongest competitive feature is the combination of usable land and a dated but functional layout, which suits a buyer seeking to enter a mature suburb and add value through updating. Owner-occupiers are likely to be best served, particularly those with a preference for a quiet street environment and school access.
Value may be influenced by the condition of original finishes and the extent of any prior updating, which is not confirmed. The effective price might also be shaped by land size relative to the street norm, and by the single bathroom’s suitability for family use. The cost of modernising should be weighed against the property’s longer-term appeal in a tight rental market.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Gatty Street, Scullin ACT 2614
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Scullin is a low-turnover, declining market. House prices have fallen, with annual growth between -1.67% and -3.9% depending on source, and a median of $855,000. Units sit at $552,750, while house yields are 3.99% and units 5.82%. The vacancy rate is a tight 0.54%; houses rent for $600 weekly and units $505. Demand is driven by owner-occupiers, with a high share of mortgaged owners and a notable single-person cohort. Yet turnover is exceptionally thin—35 house sales and 10 unit sales in the past year—against a median 37 days on market. This illiquidity compounds the negative growth risk. No forward demand drivers are evident from available data.
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PropCred Estimated Value
Comparable Sales: 4 Gatty Street sold $565,000; 36 Hinkler Street sold $790,000 | Listed Price Band: $800,000–$900,000 | Value Indicator: land size, condition, renovation potential
Bedrooms
3
Bathroom
1
Parking
1
Land
845m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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