23/38 Torrens Street, Braddon ACT 2612
23/38 Torrens Street, Braddon ACT 2612
north-facing courtyard flat | Braddon Gardens complex | 63 sqm with private outdoor space | strata under $900 quarterly
The north-facing orientation and private courtyard give this unit a rare edge over most one-bedroom apartments in Braddon, where shared balconies are the norm. At 63 square metres with a functional open-plan layout, it competes well against newer but smaller stock. The low strata of $861 per quarter and strong 2023 sale at $495,000 signal that buyers have already priced in the complex’s established position. This property suits a first-home buyer or investor seeking steady rental demand in a walkable inner-north precinct with good school catchment access.
The main risk is the 1995 build age and shared land title, which may limit capital growth compared to newer developments. The energy rating of 5.5 is average, and the electric reverse-cycle system is adequate but not premium. No flood or bushfire overlay reduces insurance cost. The opportunity lies in holding for medium-term rental yield while Canberra’s inner-north supply tightens. Use this property as a low-maintenance entry point or a stable addition to a diversified portfolio.
Detailed Independent Property Report prepared by PropCred Analyst team for 23/38 Torrens Street, Braddon ACT 2612
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Braddon is a high-density urban precinct with a transient, rental-heavy population, driven by young professionals seeking walkability to the CBD. Recent house price trends have softened significantly, reflecting broader market adjustments, while the unit segment demonstrates relative stability. Demand is anchored in its central location and connectivity, though affordability constraints and limited house supply present headwinds for future growth.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1.55 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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