21 Airey Cres, Fadden ACT 2904
21 Airey Cres, Fadden ACT 2904
3 bed 1 bath 1980 build | 893m² block, large for suburb | Single-level family house | Modest interior, strong land | Fadden established suburb
This property offers a rare combination in today’s market: a substantial 893m² block with a modest single-level house that has clear room for improvement. The 1980 build is solid but dated, presenting an opportunity for a buyer to add value through renovation or extension. The large land holding is the standout feature, sitting well above typical newer subdivisions and providing generous backyard space, which is increasingly scarce. This house serves best a buyer who prioritises land size and location over move-in condition—someone willing to invest sweat equity to unlock the property’s potential. Its position in Fadden, a well-established suburb with mature trees and quiet streets, adds to its appeal for families seeking space and community.
The property’s value may be shaped by its modest internal configuration—three bedrooms and one bathroom limits its immediate appeal to families needing more space, potentially capping demand until upgrades are made. Energy efficiency is rated low, which could affect ongoing costs and buyer perception, though it also signals room for improvement. The single-level layout is practical and accessible, a positive for older buyers or those with mobility needs. The large block might offer future subdivision potential, subject to council approval, which could be a significant value lever. Buyers should weigh the cost of modernising against the benefit of securing such a large land parcel in a sought-after suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Airey Cres, Fadden ACT 2904
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Fadden provides a comfortable suburban setting with easy access to parks, local shopping and Canberra’s wider transport network. The suburb continues to attract interest from owner‑occupiers who value access to schools, services and established infrastructure. The lifestyle offering is centred around local green space, community infrastructure and convenient retail access. In recent years prices have generally followed Canberra’s broader housing cycle, showing resilience during periods of softer national markets.
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PropCred Estimated Value
Comparable Sales: 26 Mullan St Fadden sold $1.15M; 1 Appel Cres Fadden sold $1.28M | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, renovation potential, single-level layout
Bedrooms
3
Bathroom
1
Parking
3
Land
890m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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