21/16 Bradfield Street, Downer ACT 2602
21/16 Bradfield Street, Downer ACT 2602
2-bedroom flat in boutique complex | former school site with park-like grounds | solid rental yield | owner-occupier quality
This property sits in a low-density complex on a redeveloped school site, giving it a rare open-feel within a suburb of mostly older blocks. The two-bedroom two-bathroom configuration with a single car space is the most liquid floorplan for both owner-occupiers and investors in the ACT market. Its position in Downer places it inside the inner north corridor, close to Dickson shops and light rail, which supports consistent demand from professionals and downsizers. The median rental estimate of $620 per week suggests a yield near 5.2% at current value, which is above the Canberra apartment average and points to genuine rental demand rather than speculative pricing.
The primary risk is the block size attribution. The unit’s land value is not separately stated, and the reported $4.9 million unimproved value for the entire 9,759-square-metre block means individual lot entitlements are small. This limits future redevelopment optionality and may constrain capital growth compared to standalone houses. The recent listing at $639,000 sits above the estimated value of $619,000, so buyers should test whether the premium is justified by the complex’s quality and grounds. The opportunity is in the suburb’s low turnover and high owner-occupier ratio, which tends to support price stability and steady rental demand. With no heritage or flood overlays and FTTP connectivity, the property offers a low-maintenance holding suited to a buyer seeking reliable income and moderate long-term appreciation.
Detailed Independent Property Report prepared by PropCred Analyst team for 21/16 Bradfield Street, Downer ACT 2602
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
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Market Insight
This suburb is positioned as a sought-after residential market, characterised by a young, professional demographic with high household incomes. Demand is driven by this established cohort seeking family-oriented housing, evidenced by strong sales activity for three and four-bedroom homes. Recent price growth reflects a stable and active market, with properties transacting efficiently. Future performance will hinge on the suburb’s ability to retain its affluent professional base, though its established desirability provides a solid foundation against broader economic headwinds.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2.41 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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