8 Ted Richards Street, Casey ACT 2913
8 Ted Richards Street, Casey ACT 2913
4-bed townhouse | 250m² compact footprint | 162m² living | Family-focused Casey | Last sold 2020
This townhouse holds a genuine edge for buyers wanting four bedrooms without the upkeep of a detached house on a larger block. The 162m² dwelling area is generous for a townhouse, giving it a practical layout that suits families or investors targeting long-term tenants. Its position in Casey places it within a family-heavy suburb where demand for this configuration is steady, and the 2020 sale date suggests the property has had time to settle into its current market value. It serves best buyers prioritising low-maintenance living, proximity to schools, and a functional floor plan over outdoor space.
Value may be shaped by how the internal condition compares to newer townhouse stock, as finish quality and presentation often drive buyer perception in this product type. The compact 250m² block may limit appeal for those seeking a yard, but it also reduces maintenance obligations, which could justify a price closer to smaller detached homes. Orientation and floor level, while unverified, could influence light and privacy, and these factors might carry more weight than land size alone for townhouse buyers. The lack of parking beyond one space could be a constraint for multi-car households.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Ted Richards Street, Casey ACT 2913
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Casey, in Canberra’s northwest Gungahlin district, is a family-oriented suburb. Demand is led by young families and professionals commuting to Canberra, with government deposit schemes drawing first-home buyers. House prices have settled around $927,500–$947,500; annual growth is uneven at 6.46% and -0.95%, while units sit at $614,000 after a -1.44% decline. Houses sell in about 42 days, with 102–104 annual sales and a 4.1% gross yield; weekly rents reach $680, or $798 for four-bedrooms. Supply is tight, supporting prices. Future growth rests on continued residential development and northwest ACT infrastructure, but affordability is stretched and interest-rate sensitivity is a key risk.
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PropCred Estimated Value
Comparable Sales: 8 Dunk Street sold $890,100; 6 Ted Richards Street listed nearby | Property Price Band: $800K–$900K | Value Drivers: internal condition, layout efficiency, street position
Bedrooms
4
Bathroom
2
Parking
1
Land
250m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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