36 Preddey Way, Gordon ACT 2906
36 Preddey Way, Gordon ACT 2906
3-bed detached | 827m² block | renovated | family catchment | 3×1 layout
This property stands out for its unusually large 827m² block in a suburb where most detached houses sit on smaller allotments. The renovated condition removes immediate capital outlay, while the 3-bedroom, 1-bathroom configuration suits first-home buyers, young families, or downsizers seeking single-level living with outdoor space. Its position within established school catchments and the strong local turnover—76% auction clearance and 94 sales this year—indicates liquid demand. The EER of 4.5 is respectable, and the FTTP NBN connection adds practical appeal for remote workers. This is a solid family-oriented purchase rather than a prestige proposition.
The 3×1 layout may limit appeal to larger families, potentially capping price growth compared to 4-bedroom equivalents. The single bathroom could be a negotiation point for buyers weighing renovation costs. Land tax of roughly $5,944 if rented suggests modest investor returns, though the large block offers future subdivision potential subject to council approval—a factor worth exploring. The 2021 sale price of $836,000 provides a reference point, but current market conditions and the renovation since then should be weighed carefully. Buyers should verify the extent of renovations and any unapproved works.
|| Comparable Sales: 21 Preddey Way (4-bed, 689m², est. $946k) | Property Price Band: $800k–$900k | Value Drivers: land size, renovated condition, school catchment proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Preddey Way, Gordon ACT 2906
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Gordon, in Tuggeranong, southern Canberra, is a stable, low-turnover market anchored by mature professionals and clerical workers. Demand is driven by established households, many with mortgages, drawn to a solid school catchment with an independent K-10 school. Median house prices hover between $900,000 and $920,000, with annual growth ranging from 2.2% to 7.8% depending on the series. Houses clear in 33 to 46 days on average, and roughly 100 sales occurred over the past year. Population growth and access to the Tuggeranong Parkway support future demand. The principal risks are affordability and rate sensitivity: 64% of owners hold a mortgage, while the rental market is extremely thin, with only five properties available last month.
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PropCred Estimated Value
Comparable Sales: 21 Preddey Way (4-bed, 689m², est. $946k) | Property Price Band: $800k–$900k | Value Drivers: land size, renovated condition, school catchment proximity
Bedrooms
3
Bathroom
1
Parking
2
Land
827m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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