26 Berry Street, Downer ACT 2602
26 Berry Street, Downer ACT 2602
3 beds, 2 baths, single-level | 666 m² block in inner-north | 1965 build, low EER | strong family catchment | rental demand solid
This is a classic inner-north Canberra family house—generous block, detached form, and a layout that suits owner-occupiers wanting space without strata. The 666 m² land is the real edge here, rare in a suburb increasingly defined by apartments and townhouses. It sits in a strong public school catchment, which broadens appeal to families who value walkable access to Dickson, the city, and established infrastructure. The 1965 build and modest internal area mean it’s likely a renovation candidate rather than a move-in-ready premium property, but that also gives a buyer room to add value through updates. The rental estimate around $825 per week signals consistent demand, making it viable for an investor, though the low EER and older fabric may deter those seeking minimal upkeep.
Value may hinge on condition and renovation scope—an updated kitchen, bathroom, or energy improvements could lift appeal significantly. The single car space might limit some family buyers, and the older build could carry maintenance costs that a newer property avoids. The block’s size and orientation, once confirmed on site, could support future extensions or landscaping, but that depends on planning rules. Buyers should weigh the trade-off between paying for land and paying for a finished home, as the market here rewards either a well-executed renovation or a clear discount for unrenovated stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Berry Street, Downer ACT 2602
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
The suburb is a premium, established Canberra market, with a median house price of $1.22 million and a 2.7% annual growth rate. Demand is led by high-income professionals, with household earnings typically between $78,000 and $130,000, and a demographic mix of younger adults (20–29) alongside an average age of 37, indicating both entry-level professionals and settled families. Sales velocity is firm: 53 house sales in the past year, with three-bedroom stock turning over in a median 39 days. Four-bedroom homes trade at $1.2 million but saw only 11 sales, pointing to constrained opportunities for larger dwellings. The $1.185 million three-bedroom median underscores affordability pressure for first-time buyers, while the stable, Australian-born, largely secular population base suggests limited demographic volatility. Overall, this is a tightly held, high-value suburb where supply of larger family homes is the principal market constraint.
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PropCred Estimated Value
Comparable Sales: 26 Legge Street sold around $1.0M–$1.1M; 3-bed apartments nearby at $800K–$900K | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, renovation potential, school catchment
Bedrooms
3
Bathroom
2
Parking
1
Land
666m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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