21 Cole Street, Downer ACT 2602
21 Cole Street, Downer ACT 2602
This is a four-bedroom, two-bathroom house on a 923-square-metre block with a single car space. The unimproved land value is $927,000, and the property last transacted in 2018. It sits on a quiet, tree-lined street in Downer, a stable low-density suburb close to Tuggeranong Town Centre, schools, and public transport.
What is competitively strong about this property is its land size. At 923 square metres, the block is generous even by Downer standards, offering genuine space for a garden, a rear extension, or future reconfiguration. The house itself is a standard four-bedroom configuration, which aligns with what families in this part of Canberra are looking for. The street is quiet and established, with low traffic and a settled neighbourhood character. This property serves best a family who wants room to grow, or a buyer willing to invest in modest updates to unlock the potential of a large block in a well-located suburb.
What might materially affect the value or sale price is the condition of the building. The property appears to be from the postwar period, and no modern upgrades like air conditioning, solar, or a pool are noted. A buyer should weigh the cost of potential maintenance on an older roof, plumbing, or electrical system. The single car space may also be a constraint for a two-car family. These factors may influence how the property is priced relative to a fully renovated home, but they also represent an opportunity to add value through targeted improvements in a location where land is the primary driver of worth.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Cole Street, Downer ACT 2602
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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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
4
Bathroom
2
Parking
1
Land
923m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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