11A Garratt Street, Wanniassa ACT 2903
11A Garratt Street, Wanniassa ACT 2903
3 bed / 2 bath compact house | 310 m² block | 125 m² internal | under offer
This house offers a genuinely rare combination in Wanniassa: a three-bedroom, two-bathroom layout on a small, low-maintenance block. Most older homes in the suburb are three-bed, one-bath formats on much larger parcels, so this property suits downsizers, first-home buyers, or investors seeking a modern configuration without the upkeep of a big yard. The 125 m² internal area is efficient rather than expansive, and the proximity to three schools within 1.5 km strengthens its appeal to families wanting a practical, established location. It sits as an entry-to-mid option in a suburb where the median house price is higher, making it a sensible stepping stone for those who want detached living without the premium of a larger lot.
The 310 m² block may limit future extension potential or outdoor privacy compared with typical Wanniassa stock, and the lack of disclosed construction year or feature details means condition and finish quality will drive perceived value. The last sale in 2008 suggests no recent renovation evidence, so a buyer should inspect for updates to kitchen, bathroom, and heating or cooling. The under-offer status indicates current demand, but the compact land size might cap price growth relative to larger properties nearby. Rental appeal appears solid given the configuration, though yield may be moderate.
|| Comparable Sales: 3 Bussau Close sold at $750K with 3/1/1 on 547 m²; 11 Gair Place sold at $1.302M with 6/4/2 on 1,040 m² | Property Price Band: $700K–$800K | Value Drivers: condition and finish quality, bathroom count advantage, small-lot low-maintenance appeal
Detailed Independent Property Report prepared by PropCred Analyst team for 11A Garratt Street, Wanniassa ACT 2903
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Wanniassa, in Tuggeranong, southern Canberra, is a family-dominated market positioned near South.Point Tuggeranong, Erindale, and local school catchments. Demand is driven by established households, many with mortgages, seeking access to these amenities. House prices are stable around $911,000 with 6.83% annual growth; units average $520,000 at 3.40% growth. Market conditions show steady turnover: 109 house sales in 12 months and a 36-day median listing period. Rental pressure is tight with only four vacancies last month, supporting gross yields of 4.13% for houses and 5.17% for units. Future growth is anchored by limited supply—three listings last month—and sustained owner-occupier interest, though affordability constraints and rate sensitivity remain key risks at these price levels.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 3 Bussau Close sold at $750K with 3/1/1 on 547 m²; 11 Gair Place sold at $1.302M with 6/4/2 on 1,040 m² | Property Price Band: $700K–$800K | Value Drivers: condition and finish quality, bathroom count advantage, small-lot low-maintenance appeal
Bedrooms
3
Bathroom
2
Parking
1
Land
310m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!