59/44 Jerrabomberra Avenue, Narrabundah ACT 2604
59/44 Jerrabomberra Avenue, Narrabundah ACT 2604
170 m² two-bed unit | dual parking | resort complex | school catchment | older build
The reported 170 m² floor area is rarely matched within the inner-south apartment market, and the combination of two bedrooms, two bathrooms, and two car spaces has been deliberately configured for occupants who want space without the maintenance of a house. The Madison complex is recognised for its gym, tennis court, pool, and visitor parking, and those facilities are supported by a 1.39-hectare site that gives the unit a resort-like setting. School catchment placement near Narrabundah College and Red Hill Primary is considered a strong advantage, and this property is best suited to downsizers, professional couples, or investors seeking a well-positioned unit with genuine size and parking provision. The 1994 build era is typical of established Canberra complexes, and the floor level is not confirmed, but the size and layout are the defining competitive strengths.
The older complex age might affect depreciation expectations and maintenance levies, and the absence of a confirmed EER for this exact unit may influence energy-conscious buyers. Presentation and condition are not verified from the available information, so the final value might be shaped by how the interior has been maintained compared with other units in the complex. The unusually large floor area could justify a premium, but it might also be considered inefficient if the layout does not make full use of the space. A buyer inspection is recommended to confirm finish quality and floor level before a price view is formed.
Detailed Independent Property Report prepared by PropCred Analyst team for 59/44 Jerrabomberra Avenue, Narrabundah ACT 2604
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Narrabundah presents a split market: houses are tightly held and expensive, with median prices around $1.41–$1.50 million and annual growth of 12.09%, while units lag at about $588,000 with negative growth of -5.9%. Demand is driven by established professionals and investors, supported by a vacancy rate near 1% and a substantial renter share. House sales are modest at 77 per year, with 3-bedroom homes selling faster (57 days) than 4-bedrooms (93 days). Growth drivers include low supply, solid capital appreciation, and unit yields near 5%. Key risks are affordability, stock volatility, and rate sensitivity, with rental stock fluctuations and quarterly unit price declines indicating fragility.
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PropCred Estimated Value
Comparable Sales: 8/44 Jerrabomberra Avenue sold at $540,000 for an 87 m² two-bedroom unit; 21/44 sold at $710,000 for a three-bedroom configuration | Listed Price Band: $700K–$800K | Value Indicator: unit size, dual parking, complex condition
Bedrooms
2
Bathroom
2
Parking
2
Land
1.39 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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