303/24 Girrahween Street, Braddon ACT 2612
303/24 Girrahween Street, Braddon ACT 2612
park-facing north aspect | third floor with lift and parking | compact but functional 1-bed layout | strong rental demand in Braddon
The north-facing orientation over Haig Park is the property’s strongest structural advantage, giving the living area and bedroom consistent natural light and a sense of openness rare in a 50sqm unit. The 2016 build, secure parking with EV charging, and European laundry make this a low-maintenance option suited to a professional first-home buyer or an investor targeting the steady rental demand near Lonsdale Street and light rail. The open-plan kitchen with Bosch appliances and stone benchtops is a genuine differentiator for the price point, and the 6-star energy rating keeps ongoing costs controlled.
The main risk is the body corporate fee of $1,106 per quarter, which at current rental estimates of $500 per week will compress net yield to roughly 3.8% before rates and vacancy. The internal area is tight for a couple, so the buyer pool is limited to singles or couples without home-office needs. On the opportunity side, the listing price of $449,000 sits below the Domain estimate midpoint, offering some initial equity if the property is secured near that level. Hold for rental income or as a city-fringe base, and avoid overcapitalising on cosmetic upgrades.
Detailed Independent Property Report prepared by PropCred Analyst team for 303/24 Girrahween Street, Braddon ACT 2612
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Braddon is a high-density urban precinct with a transient, rental-heavy population, driven by young professionals seeking walkability to the CBD. Recent house price trends have softened significantly, reflecting broader market adjustments, while the unit segment demonstrates relative stability. Demand is anchored in its central location and connectivity, though affordability constraints and limited house supply present headwinds for future growth.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
2298m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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