3/26 Narryer Close, Palmerston ACT 2913
3/26 Narryer Close, Palmerston ACT 2913
3-bed townhouse | 1993 build | solar + FTTP | bushfire overlay noted | family-oriented suburb
This townhouse sits in a suburb where detached houses dominate, making it a practical, lower-maintenance alternative rather than a compromise. The 140 m² internal layout is genuinely spacious for a townhouse, and the three-bedroom configuration suits small families, downsizers, or investors seeking a solid rental. The solar system and FTTP connectivity add modern efficiency to a 1993 build, which helps offset its age. Its position within a mixed street of houses and townhouses keeps it grounded in a quiet, residential feel while remaining close to schools and the Gungahlin Town Centre. The buyer it serves best is one who values space, school access, and a modest footprint without the upkeep of a large block.
Value may be shaped by the bushfire overlay, which could influence insurance costs and lender appetite, though it is not uncommon in the region. The single bathroom may limit appeal for some families, and the older build could require updating depending on the current finish level. Parking appears to be one garage and one open space, which is adequate but not exceptional. The 3,200 m² site is shared across the complex, so land value is diluted compared to a standalone house. Buyers should weigh these factors against the convenience and efficiency the townhouse offers.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/26 Narryer Close, Palmerston ACT 2913
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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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
Comparables: 13 Narryer Close sold $747,000 in 2018 | Price Band: $700K–$800K | Value Drivers: internal size, solar system, school proximity, condition and update level
Bedrooms
3
Bathroom
1
Parking
2
Land
3200m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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