25/38 Watson Street, Turner ACT 2612
25/38 Watson Street, Turner ACT 2612
low energy rating 3.5 | north-facing park position | dated condition for price level | no bushfire flood heritage risk
The 3.5 star energy rating adds ongoing utility costs that compound over time, reducing net yield versus newer builds, but the north-facing position across from Haig Park and private courtyard provide rare outdoor amenity in a complex setting. The $950k list sits above estimated value, meaning price negotiation is warranted; this unit suits an owner-occupier valuing location over energy efficiency, not a yield-focused investor.
What is competitively rare here is the ground-floor layout with private north-facing courtyard and two basement car spaces in Turner, a suburb with limited apartment stock. The three-bedroom configuration with ensuite and study space serves downsizers or small families wanting walkable access to Braddon and New Acton. This property’s core value is its positioning as a low-maintenance urban cottage within a park-lined street.
To proceed, verify recent comparable sales for three-bedroom apartments in surrounding 0.5km radius and commission an independent energy efficiency assessment to quantify ongoing costs before making an offer.
Detailed Independent Property Report prepared by PropCred Analyst team for 25/38 Watson Street, Turner ACT 2612
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Turner is an established inner-north suburb prized for its proximity to the Canberra CBD. Demand is driven by a young, professional demographic seeking urban convenience, supported by strong recent sales activity. The market demonstrates solid turnover, with houses and units moving at a measured pace. Future growth is underpinned by sustained population increases, though the limited volume of house sales suggests a tightly held market that may constrain supply.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
3335m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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