3/26 Narryer Close, Palmerston ACT 2913
3/26 Narryer Close, Palmerston ACT 2913
3-bed townhouse | 140m² on 3200m² complex | FTTP fibre | solar PV | 1993 build | bushfire overlay noted
This townhouse holds a practical edge in Palmerston’s predominantly detached-house market. Its compact 140m² layout with three bedrooms suits small families, downsizers, or investors seeking lower-maintenance living without sacrificing bedroom count. The 1993 build is older but established, and the solar PV system adds ongoing utility savings. With FTTP fibre, it supports modern work-from-home or streaming needs. Its position in a small complex on a generous 3200m² site suggests shared outdoor space rather than private land, which keeps upkeep light. It serves best as an entry-level purchase or a steady rental property, appealing to tenants who want a house-like footprint without the garden burden.
Value may be shaped by the single bathroom, which limits appeal for larger households or shared living arrangements. The bushfire overlay could influence insurance premiums, and the older build may require eventual updating of kitchen or bathroom finishes. The townhouse format, compared to detached homes nearby, may narrow buyer competition, but its fibre internet and solar add modern conveniences that offset age. Rental demand appears consistent, with income estimates around $630–$640 weekly, suggesting stable occupier interest. Buyers should weigh renovation potential against the simplicity of moving in as-is.
|| Comparable Sales: 13 Narryer Close sold $747,000 (2018, 4-bed house) | Property Price Band: $600K–$700K | Value Drivers: solar PV, fibre internet, low-maintenance layout, bushfire overlay
Detailed Independent Property Report prepared by PropCred Analyst team for 3/26 Narryer Close, Palmerston ACT 2913
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Palmerston, a mature Gungahlin suburb, is seeing steady demand from higher-income professionals aged 30-39, drawn to four-bedroom houses that sell in a median nine days. House prices sit near $921,000 to $982,000, though annual growth has slipped 3.0%, while units average $641,000 and gross yields run 3.4%. Sales are thin at roughly 75-85 a year, with just 14 listings and five rentals last month, reflecting tight supply. Future upside hinges on road links to Gungahlin Drive and ACT-wide price momentum, but the soft price trajectory, weak population growth of under 1%, and rate sensitivity among leveraged buyers cap near-term gains.
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PropCred Estimated Value
Comparable Sales: 13 Narryer Close sold $747,000 (2018, 4-bed house) | Property Price Band: $600K–$700K | Value Drivers: solar PV, fibre internet, low-maintenance layout, bushfire overlay
Bedrooms
3
Bathroom
1
Parking
2
Land
3200m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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