14 Parer Place, Scullin ACT 2614
14 Parer Place, Scullin ACT 2614
Large 903m² block | low building coverage 13% | stable owner-occupied street | premium school catchments | auction in two weeks
The defining advantage of this property is the unusually low building coverage of 13%, leaving over 780m² of land that can be redeveloped, extended, or subdivided in a tightly held street where 90% of neighbours are owner-occupiers. That land-to-building ratio is rare in Scullin, and for a buyer seeking a long-term land bank with immediate liveability, this house offers positional leverage within walking distance of Belconnen High and Hawker College. The modest 118m² floorplan and single bathroom are acceptable for a couple or small family planning to renovate, but the core value sits in the land-delivering options that few competing properties at this price point can match. Being unencumbered by heritage, flood, or bushfire overlays further simplifies future approvals.
The main risk here is the auction process on a 65% clearance street; competition could push the price past the estimated $894,000–$900,000 range, eroding the redevelopment margin. Single bathroom and one parking space will deter some owner-occupiers, reducing the pool of bidders but also limiting resale appeal unless upgraded. However, if acquired near the lower end of the valuation, the property presents a strong opportunity for value-add through a second bathroom addition or a rear extension, both feasible given the generous setback and low coverage. The rental estimate of $665 per week provides a floor for holding costs, and while NBN is fibre-to-the-node rather than FTTP, 5G coverage mitigates connectivity concerns.
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Parer Place, Scullin ACT 2614
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Scullin presents a market in transition, with recent price trends reflecting a period of softening. Current demand appears anchored by owner-occupiers, with a notable portion of households carrying mortgages, suggesting established residential appeal. The market is characterised by very low vacancy rates, indicating solid underlying rental demand, particularly for units which offer higher yields. Future growth will likely depend on broader economic factors, with the key near-term constraint being the recent negative capital growth trajectory and relatively low sales volume, pointing to a cautious and limited market.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
903m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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