242 Southern Cross Drive, Latham ACT 2615
242 Southern Cross Drive, Latham ACT 2615
3 bedrooms, 1 bathroom, 1 garage, 947m² lot. Single-story house set well back from the street on a landscaped block.
This property occupies a position that is becoming increasingly rare in the suburb. The 947m² block is significantly larger than what is typically available, and being set back from the street provides a privacy buffer that standard frontage lots lack. The configuration is a classic family layout, and the landscaped grounds suggest a property that has been cared for. This house will serve buyers who prioritise outdoor space and a quieter street presence over modern interior finishes. The single bathroom is a constraint, but it reflects the era of the home and is consistent with the value being placed on land size rather than internal amenity.
The single bathroom and single garage may limit the pool of buyers who are willing to pay a premium for the land. Families with teenagers or two-car households may find the configuration too tight, which could affect how quickly the property sells or the final price it achieves. The absence of a second bathroom means the house competes more directly on land value than on house condition. Buyers should weigh the cost of any future renovations against the price being asked, as the land is the primary driver of value here, not the dwelling itself.
Detailed Independent Property Report prepared by PropCred Analyst team for 242 Southern Cross Drive, Latham ACT 2615
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Latham presents as a stable, family-oriented suburb within the established Belconnen district. Demand is anchored by its established school catchments, supporting a consistent turnover of family homes. The market demonstrates robust momentum, with houses transacting swiftly and achieving solid capital appreciation. Future growth will be linked to broader district infrastructure, while its established nature suggests a lower-risk profile with limited new supply.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
947m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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