2 Hopegood Place, Garran ACT 2605

Garran townhouse | 3 bed 1 bath + ensuite | 8240m² shared grounds | EER 5.0 | Central heating & dishwasher This townhouse presents a competitively priced entry into a large-format, low-density Garran complex, a configuration increasingly rare in newer developments. The substantial 2-acre communal block and three-bedroom layout with an ensuite cater specifically to downsizers or small families seeking space and privacy within a multi-unit setting, without the premium of a detached house. Its established building age is offset by practical inclusions like central heating and a dishwasher, positioning it as a functional, lower-maintenance holding. The primary financial exposure is the high annual land tax liability if rented, which severely impacts investment yield, making this property most logical for an owner-occupier. The value proposition is anchored by recent comparable sales within the complex, which demonstrate stable demand. A prudent buyer would treat this as a long-term occupancy play, leveraging its relative affordability against larger block benefits. Our detailed report would pressure-test the current valuation against these comps, clarify strata intricacies, and assess locality-specific insurance and holding costs. Recent sales of comparable units in the complex establish a clear value benchmark: – 14/2 (3 bed, 2 bath) sold for $767,500 in May 2025. – 23/2 (3 bed, 2 bath) is valued at $780,000. – 34/2 (3 bed, 2 bath) is valued at $739,000. This cluster confirms the subject property’s current estimate of ~$720k is market-aligned, with its one-bathroom layout explaining its position at the lower end of the range.