21 Westgarth Street, O'Connor ACT 2602
21 Westgarth Street, O’Connor ACT 2602
Mid-century detached house | 4 bed, 2 bath on 784 m² | Mostly original condition | Leafy O’Connor street near ANU and CBD | Strong renovation potential
What makes this property stand out is its rare combination of size and location. A four-bedroom, two-bathroom detached house on a 784 m² block in one of O’Connor’s most desirable streets is uncommon, and the mostly original condition means the next owner controls the renovation scope rather than paying a premium for someone else’s taste. The 165 m² internal area offers generous proportions, while the established gardens and mature streetscape add a settled, private feel. This property serves buyers who want a long-term project in a prime inner-north position—families, renovators, or professionals seeking proximity to ANU and the CBD without compromising on space.
The property’s value may be shaped by its condition and energy efficiency. With an EER of 1, the house likely requires substantial investment in insulation, heating, and cooling, which could affect immediate liveability and ongoing costs. The 1970 extension adds floor area but may introduce layout quirks or construction quality that needs assessment. The carport, at 24 m², is practical but not a full garage, which might limit appeal for some buyers. The low rental yield typical of this suburb suggests the property is better suited to owner-occupiers than investors, and the “blank canvas” framing implies the final price will hinge on how buyers perceive the renovation budget required.
|| Comparable Sales: 21 Waratah Street sold $1.55M in Nov 2022; 17 Westgarth Street (4/2/2, 978 m²) sold price not disclosed | Property Price Band: $1.3M–$1.4M | Value Drivers: Land size, original condition, prime street location, renovation upside
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Westgarth Street, O’Connor ACT 2602
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
O’Connor, in Canberra’s inner north, is a tightly held market of 5,492 residents. Demand is driven by professionals and public servants aged 35–54, with proximity to the ANU and government precincts underpinning commuter appeal. House prices have climbed sharply, with medians ranging from $1.618m to $1.7m and annual growth between 11.47% and 24.07% depending on source. Houses sell in 42–72 days, while units—median $600k–$630k—show mixed momentum, with growth from 11.5% to -9.8%. Gross house yields are thin at 2.67%, but units offer 4.92–5.1%. Catchment schools and limited new supply support long-term demand, yet high entry prices and weak house yields are clear constraints.
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PropCred Estimated Value
Comparable Sales: 21 Waratah Street sold $1.55M in Nov 2022; 17 Westgarth Street (4/2/2, 978 m²) sold price not disclosed | Property Price Band: $1.3M–$1.4M | Value Drivers: Land size, original condition, prime street location, renovation upside
Bedrooms
4
Bathroom
2
Parking
2
Land
784m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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