11 Romano Street, Denman Prospect ACT 2611
11 Romano Street, Denman Prospect ACT 2611
Land-only record | 462m² block | FTTP ready | Display-village address | Off-market
This property presents as a vacant land holding in a suburb defined by new, family-oriented product. The 462m² block is well-sized for a detached house, larger than the typical townhouse allotments on this street, and sits within a master-planned area where premium finishes and modern layouts are the norm. It suits a buyer wanting to build a contemporary family home with confidence in the surrounding standard, rather than compromise on established character. The display-village association and nearby staged development signal a neighbourhood still maturing, which can favour early builders who lock in a good position before the area fully settles.
Value may hinge on how the land is treated in the market—whether as a build-ready opportunity or a longer-term hold. The unimproved value and rates suggest a solid base, but the absence of a finished house means the eventual price will reflect land, location, and development potential rather than dwelling condition. Buyers should weigh the cost and timeline of construction against the premium already visible in nearby new homes. The FTTP connection and family-oriented street profile support strong resale appeal once built, but the entry point is land-only, so the final outcome depends heavily on build quality and design choices.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Romano Street, Denman Prospect ACT 2611
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Denman Prospect is positioned as a young, high-income Canberra suburb: buyers aged 30–39 dominate, household incomes sit 35.7% above the ACT average, and 91% of owners hold mortgages. Reported house prices vary—$1.09M, $965K, $1.3M—but 10.1% annual growth and 76 median days on market confirm solid detached demand. Units are stronger still: 16.22% growth, 42 days on market, and a 5.18% gross yield, with median rents of $930 for houses and $620 for units. Canberra-wide, entry-level houses have climbed 47.7% in five years, and KPMG expects supply to undershoot by roughly 30%, supporting future growth. However, tight borrowing capacity and affordability constraints will likely temper price gains.
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PropCred Estimated Value
Comparable Sales: 2/15 Romano Street sold $1.27M–$1.4M (townhouse, 2025 build) | Property Price Band: $600K–$700K | Value Drivers: land size, street position, development potential, FTTP availability
Bedrooms
5
Bathroom
3
Parking
2
Land
462m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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