3 Wood Place, Chifley ACT 2606
3 Wood Place, Chifley ACT 2606
4-bed single-bath on 898m² | mid-century detached house | Torrens/Melrose catchment | bushfire overlay noted
This is a solid family proposition in an established Woden pocket. The 898m² block is the standout feature, offering genuine redevelopment or extension potential that many nearby houses lack. The 149m² footprint with 17% site coverage means substantial outdoor space and privacy, while the single-bathroom layout reflects original 1960s stock rather than a renovated product. Its catchment position for Torrens Primary and Melrose High anchors demand from families seeking a stable schooling pathway. The property serves best an owner-occupier prepared to invest in modernisation, or a buyer valuing land content over immediate move-in condition. The $755/week rental estimate indicates healthy tenant interest, though the yield sits in the low-to-mid 3% range typical for older houses here. Its quiet cul-de-sac setting and proximity to Woden services reinforce a lifestyle-oriented purchase rather than a high-growth play.
The bushfire management control may require additional assessment if you lodge a development application, potentially adding time or cost to future works. The single bathroom for four bedrooms could limit appeal to some families, though it also keeps the entry price more accessible than renovated comparables. The lack of a verified build year or energy rating means condition should be inspected carefully, as mid-1960s homes often need electrical, plumbing, or insulation upgrades. The 650m elevation and mature neighbourhood character support stable long-term demand, but renovation costs should be weighed against the land value when forming a price view.
|| Comparable Sales: 7 Board Place sold $906,000 (3-bed, 667m²); 5 Wood Place sold with larger 1,448m² block | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, redevelopment potential, school catchment position
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Wood Place, Chifley ACT 2606
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Chifley, a low-supply ACT suburb near Mawson and Belconnen, is dominated by families and mortgaged owner-occupiers. Median house prices sit between $1.025m and $1.08m, with annual growth swinging from -13.1% to 2.86%; units average $455,000, down 14.15%. Houses spend a median 77 days on market and yield 3.42%, while units yield 5.12%. Weekly rents are firm at $740 for houses and $500 for units. Sales turnover is thin—only 36–41 houses annually—and listings last month were limited to 4–6 properties. Demand is supported by proximity to regional hubs, but price volatility, rate sensitivity among highly leveraged buyers, and scarce stock are constraints. The 31% single-person household share may lift unit demand, yet recent price trends remain uneven.
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PropCred Estimated Value
Comparable Sales: 7 Board Place sold $906,000 (3-bed, 667m²); 5 Wood Place sold with larger 1,448m² block | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, redevelopment potential, school catchment position
Bedrooms
4
Bathroom
1
Parking
1
Land
898m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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