3 Scott Street, Narrabundah ACT 2604
3 Scott Street, Narrabundah ACT 2604
Detached family house | 626 m² block | 265 m² internal | EER 4.0 | Established inner-south setting
This property offers a rare combination of generous internal space and a substantial block in an established inner-south suburb. The four-bedroom, two-bathroom layout with two car spaces suits families seeking room to spread out, while the 626 m² land size provides scope for outdoor living or future enhancements. Its position near well-regarded schools and the broader Kingston, Manuka, and Red Hill precincts strengthens its appeal for professional households and upsizers. The 265 m² building footprint is notably larger than typical detached stock in the area, giving it a competitive edge for buyers prioritising space without compromising on location.
The property’s energy efficiency rating of 4.0 is modest for a home of this size, which may influence ongoing utility costs. The unimproved value and rates suggest a solid land component, but the building’s age and condition are not clearly established, so potential renovation costs should be considered. Rental yield appears low relative to capital value, indicating this suits owner-occupiers more than investors. The FTTN connection may be a limitation for heavy remote work use, though this is unlikely to deter most family buyers.
|| Comparable Sales: 4 Scott Street sold $1.70M, 38 Scott Street sold $1.29M | Property Price Band: $1.9M–$2.0M | Value Drivers: land size, internal area, location quality, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Scott Street, Narrabundah ACT 2604
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Narrabundah presents a split market: houses are tightly held and expensive, with median prices around $1.41–$1.50 million and annual growth of 12.09%, while units lag at about $588,000 with negative growth of -5.9%. Demand is driven by established professionals and investors, supported by a vacancy rate near 1% and a substantial renter share. House sales are modest at 77 per year, with 3-bedroom homes selling faster (57 days) than 4-bedrooms (93 days). Growth drivers include low supply, solid capital appreciation, and unit yields near 5%. Key risks are affordability, stock volatility, and rate sensitivity, with rental stock fluctuations and quarterly unit price declines indicating fragility.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 4 Scott Street sold $1.70M, 38 Scott Street sold $1.29M | Property Price Band: $1.9M–$2.0M | Value Drivers: land size, internal area, location quality, condition and presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
626m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!