206/2 Terry Connolly Street, Coombs ACT 2611

206/2 Terry Connolly Street, Coombs ACT 2611
| Coombs unit | small block | EER 6 | sold May 2025 | 1.01 acres seems odd | The property sits on 1.01 acres, which is highly unusual for a one-bedroom apartment and most likely a data error or refers to the broader complex landholding. If the land holding is accurate, the buyer faces inflated body corporate fees and limited resale pool. The EER of 6 is solid for Canberra winters and saves roughly $300โ€“$500 annually compared to a rating of 4. The May 2025 sale indicates a recent transactionโ€”buying now means competing against recent buyer sentiment without a price cushion. This unit suits an owner-occupier seeking location over capital growth; hold for medium-term stability, not flip. Competitively, the Molonglo Valley precinct offers newer infrastructure and proximity to schools, which supports rental demand. The allocated car space and broadband connectivity reduce friction for a professional single or couple. Broadband is a supporting value add but not a prime driver. This property serves best as a low-maintenance base for a first home buyer or a downsizer wanting modern amenities without stairs. To proceed, verify the land title and body corporate minutesโ€”then act if the holding costs align with your lifestyle timeline. No comparable sales data is present, so value inference relies solely on the estimated $352,000 and the sold price context, which suggests market pricing without clear upside.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Coombs presents a market in transition, with its unit segment demonstrating relative resilience compared to a significantly correcting house market. Demand is anchored by a younger demographic, with higher turnover activity concentrated in the more affordable unit sector. Recent conditions reflect pronounced affordability pressures, leading to extended selling periods and divergent capital growth trajectories between property types. Future performance will hinge on broader economic factors mitigating current valuation declines.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

1.01 acres

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