244/7 Irving Street, Phillip ACT 2606

244/7 Irving Street, Phillip ACT 2606
2 bed 2 bath 2 car | Trilogy complex | Woden walkable | pool gym included | mid $400k entry point The property sits within a modern, amenity-rich complex in Phillip, offering rare two-car parking for a unit of this size. Its position near Woden town centre gives buyers immediate access to retail, dining, and transport without reliance on a car. For an owner-occupier seeking a lock-and-leave lifestyle or an investor targeting stable inner-south demand, the combination of lift access, pool, gym, and stone benchtops lifts it above older stock. The 2017 sale at $461,900 provides a useful benchmark, though the current listing around $538,000 suggests the market has moved. A 6.0 EER is solid for an apartment and supports lower energy costs. The main risk is the lack of confirmed floor level and internal floor area, which directly affects light, noise, and balcony usability. The unimproved value of $8 million for the block indicates high land tax exposure if rented, so an investor must model that carefully. Body corporate fees remain unknown and could erode yield. The property is off market now, so the buyer must negotiate without competitive pressure. Hold medium-term for capital growth driven by Woden’s ongoing renewal, or rent for steady yield if the numbers work after fees.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 244/7 Irving Street, Phillip ACT 2606
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Market Insight:

This suburb presents a nuanced opportunity, with its market currently in a corrective phase following a period of significant price adjustment. Recent trends indicate a softening in values, particularly for houses, while the unit market has demonstrated greater resilience. Demand appears anchored by investors, attracted by rental yields that remain comparatively robust, suggesting a steady income proposition despite the broader price recalibration. Future performance will hinge on the suburb’s ability to stabilise, with key constraints including a limited sales volume that can amplify market volatility and a lack of clear, proximate demand catalysts from major infrastructure or demographic shifts.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

371mยฒ

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