104 Macfarland Cres, Pearce ACT 2607
104 Macfarland Cres, Pearce ACT 2607
4 beds 3 baths on 946m² | rare low-coverage block in Pearce | high owner-occupier street | strong school zone alignment
The property’s competitive edge lies in its unusually low 13% building coverage on a full 946m² block, a rarity in Pearce that offers genuine expansion or redevelopment optionality without immediate planning overlay risk. The 120m² floorplan with two living areas and a deck suits a family wanting single-level living with room to grow, while the 90% owner-occupied street signals stable long-term neighbourhood character. For a buyer seeking a hold-and-improve position in a well-zoned suburb with strong school catchment pull, this house presents a cleaner canvas than most.
The two 2024 sales at $980,000 create a clear recent price floor, but the estimated $1,001,000 value suggests limited short-term capital growth. The main risk is the property’s smaller building footprint relative to land area, which may deter buyers wanting move-in-ready space without renovation. The opportunity is to acquire below the local median for four-bedroom houses ($1.35m) and either extend the existing structure or hold for land appreciation. The property should be held for at least five years to realise the value of its land-to-improvement ratio, with a renovation timed to the next market upswing.
Detailed Independent Property Report prepared by PropCred Analyst team for 104 Macfarland Cres, Pearce ACT 2607
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Pearce is a family-oriented suburb with a professional demographic, positioned within Canberra’s established southern corridor. Demand is driven by established couples seeking family homes, supported by local schools and amenities. Recent market conditions show a low volume of listings, indicating constrained supply, while price trends reflect a period of adjustment. Future growth is underpinned by its appeal to high-income households, though sensitivity to interest rates and mortgage commitments presents a notable market constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
946m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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