10/4 Sapling Street, Harrison ACT 2914
10/4 Sapling Street, Harrison ACT 2914
2 bed 2 bath 2 car | 92 m² modern apartment | EER 6 with FTTP | leased at $590/week | upper-end Harrison stock
This apartment sits at the stronger end of Harrison’s unit market, offering a rare combination of genuine two-car parking, 92 m² of internal space, and a 2016 build with oak flooring, stone benchtops, and a covered balcony. The EER 6 rating and fibre-to-the-premises connection make it more efficient and future-proof than most comparable stock, while the fixed lease until 2026 provides immediate income certainty. It suits a first-home buyer wanting move-in convenience, a downsizer seeking single-level living with amenity access, or an investor prioritising yield and tenant retention. The light-filled orientation and landscaped complex add everyday appeal.
The price outcome may be influenced by the lack of lift access and the absence of a precise aspect, which could narrow appeal for some buyers. The current lease at $590/week supports the rental estimate, but any renewal negotiation may reset expectations. The underlying block’s high rates and land tax figures reflect the development scale rather than this unit’s share, so a buyer should verify the actual quarterly outgoings. The 2022 unimproved value of $8.8 million for the block does not translate directly to this apartment’s worth, and the recent smaller sale on the street suggests pricing for this larger unit may require patience to find the right buyer.
|| Comparable Sales: 32/2 Sapling Street 1-bed sold $417,000 Oct 2024 | Property Price Band: $470,000–$500,000 | Value Drivers: 92 m² size, two car spaces, fixed lease income, modern finishes, EER 6
Detailed Independent Property Report prepared by PropCred Analyst team for 10/4 Sapling Street, Harrison ACT 2914
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
The suburb’s house median sits at $995,000–$1,042,500, with unit median at $510,000. Annual house growth ranges from -4.33% to 2.21%, while units fell 4.85%. Sales volume for houses is 86–92, with median days on market of 41. The price gap between houses and units indicates demand is concentrated in the detached segment. The negative unit growth and mixed house growth are the key constraints, pointing to rate sensitivity and a lack of consistent momentum. Future growth will depend on whether house demand sustains given the mixed recent trend. The sales and turnover data do not suggest an over-supplied or distressed market.
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PropCred Estimated Value
Comparable Sales: 32/2 Sapling Street 1-bed sold $417,000 Oct 2024 | Property Price Band: $470,000–$500,000 | Value Drivers: 92 m² size, two car spaces, fixed lease income, modern finishes, EER 6
Bedrooms
2
Bathroom
2
Parking
2
Land
1.97 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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