1/31 Tallara Parkway, Narrabundah ACT 2604

1/31 Tallara Parkway, Narrabundah ACT 2604
Townhouse in multi-unit complex | prime Inner South location | mature tree-lined streets | inferred modern build post-2015 | near recent high-value sales. This property presents a competitively strong entry into Narrabundah’s tightly held Inner South market, offering the convenience and lower maintenance of a townhouse within a quintessential, established streetscape. Its inferred modern construction suggests contemporary finishes and building standards, positioning it ideally for an executive couple or small family seeking style and convenience without the upkeep of a freestanding house. The location alone guarantees enduring demand. The primary risk is the lack of specific unit data, requiring a thorough inspection to verify condition, aspect, and strata particulars against the premium paid for the location. The opportunity lies in securing a modern property in a high-appreciation suburb where land is scarce. Acquire this for long-term capital growth, leveraging its positional strength, but budget for potential strata complexities inherent to multi-unit developments. Recent sales within the same complex provide a direct value benchmark: – 4/31 Tallara Parkway sold for $1,098,650 in September 2024 (4 bed, 2 bath). – 5/31 Tallara Parkway sold in October 2015, establishing the complex’s appeal over time. This trajectory indicates robust demand and capital growth for well-appointed units here, supporting a premium valuation for number 1/31.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Narrabundah is a well-established suburb with strong capital growth, driven by professional owner-occupiers and investors attracted to its solid rental yields. The housing market has demonstrated robust price appreciation, though this has created affordability constraints. Future demand is underpinned by low vacancy rates and a high proportion of renters, yet the market remains sensitive to fluctuations in supply and broader economic conditions.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

3036mΒ²

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