36 Preddey Way, Gordon ACT 2906
36 Preddey Way, Gordon ACT 2906
3 bed detached family house | 827m² block | renovated throughout | single-level layout | quiet established Gordon street
This house holds genuine appeal for families wanting a large, level block without the maintenance load of an original-condition property. The renovation work — new kitchen, hybrid flooring, carpet, and laundry — means the interior presents fresh and move-in ready, while the 1991 build offers solid construction and established gardens that newer homes lack. The separate lounge and dining zones, main bedroom with walk-through robe and bathroom access, plus a covered pergola and rear garage access, create practical family flow. Its 122m² living area is modest for the block size, yet the efficient single-level design suits downsizers and young families equally, and the EER of 4.5 is respectable for its era.
The block size and quiet street position may support strong buyer interest, though the single bathroom and dated external shell might limit appeal for those seeking larger family accommodation. The renovated interior could command a premium over unrenovated stock, but the 1991 build and modest living area may temper upside compared to newer or larger homes in the suburb. Buyers should weigh the cost of any future extensions or updates against the property’s current presentation, and consider how the rear access and garden layout might influence long-term flexibility.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Preddey Way, Gordon ACT 2906
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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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: 36 Michael Holt Crescent sold $1.07M, 13 Towers Place sold early 2025 | Property Price Band: $1.0M–$1.1M | Value Drivers: renovated condition, 827m² land size, single-level family layout
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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