2 Gymea Street Narrabundah ACT 2604

Quiet established street | Fully renovated 3-bed plus study | New kitchen & ensuite | Low-maintenance 541sqm block | Walk to shops This property presents a competitively strong offering as a modernised, single-level home in a well-established inner-south suburb. Its comprehensive renovation, including a new kitchen and ensuite, delivers immediate functionality and style, removing the need for capital outlay. The configuration of three bedrooms plus a separate study enhances its appeal to professionals working from home or growing families seeking practicality. Its position on a quiet street within walking distance to local shops captures a desirable lifestyle balance, serving downsizers and young families equally. The decision hinges on its smaller internal size against the suburb median, presenting a price-per-square-meter premium that must be justified by the quality of finishes and land value. The absence of original build age details obscures potential structural risks, while the EER of 4.5-5.0 indicates moderate energy efficiency that may incur higher running costs. Proceed by valuing the land component heavily and verifying renovation compliance; this property is best held as a long-term primary residence to capitalise on its liveability. Our property report provides the essential real market valuation, compliance checks, and locality risk assessment to secure this position. Recent suburb data shows 56 houses sold in Narrabundah this year with a median price of $1.315m and a 65% auction clearance rate. This context suggests a active market where well-presented, renovated homes like this one are meeting buyer demand, though its smaller footprint may position it at a more accessible entry point within the suburb’s price range.