2 Mary Lee Street, Bonython ACT 2905

2 Mary Lee Street, Bonython ACT 2905
4-bedroom family home | 215sqm internal | 348sqm land | strong owner-occupied street | 88% clearance rate This property offers a rare combination of generous internal space on a manageable block in a street where 95% of residents are owners, not renters. The 215sqm floorplan positions it well for families seeking room to grow without the maintenance of a larger yard, while the 4.0 energy rating and dual garages add practical appeal. For buyers targeting the Tuggeranong family market, the proximity to Bonython Primary and Lake Tuggeranong College strengthens its long-term desirability, and the local clearance rate of 88% signals sustained demand. The primary risk is the limited land-to-building ratio, which may constrain future extension options and could deter buyers seeking subdivision potential. However, the recent price appreciation of approximately 7-10% since late 2024 suggests the market has already absorbed this factor. An opportunity exists in the demographic profileโ€”33% of residents are under 20, indicating strong ongoing demand from families. The 4.0 energy rating, while not exceptional, provides a modest edge over older stock in the area.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2 Mary Lee Street, Bonython ACT 2905
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Market Insight:

Bonython is a well-established family suburb in Tuggeranong, supported by stable public sector employment. Demand is driven by owner-occupying professionals and families, creating a tight market with low sales turnover. Recent price growth has been modest for houses, though unit performance is stronger, with solid rental yields underpinning investment appeal. Future stability is linked to Canberra’s employment base, yet affordability constraints and interest rate sensitivity present ongoing headwinds for capital growth.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

348mยฒ

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