39 Mcintosh Street, Scullin ACT 2614

39 Mcintosh Street, Scullin ACT 2614
3-bed house on 772m² land | Scullin priority school catchments | No overlays | 4.3% estimated rental yield This property presents a competitively strong land component within a stable residential setting, its 772-square-metre block offering a tangible scarcity value against newer subdivisions. The configuration serves a buyer seeking a low-maintenance, single-level home with established school catchments, positioning it well for a family or an investor targeting the reliable government school demand. The absence of bushfire, flood, or heritage overlays significantly streamlines due diligence and future planning. The primary decision hinges on the dated energy efficiency rating and unspecified construction era, which impose a tangible cost risk through future retrofit requirements and potential thermal performance issues. The commercial logic lies in the land’s utility and the current rental yield estimate, which provides a defensive income base. Acquire this as a long-term hold, leveraging its land bank and location. A Propcred report would pressure-test the valuation against true comparable sales and detail locality-specific insurance and risk profiles. Recent comparable sales data for Scullin is incomplete, limiting precise benchmarking. The analysis references a nearby similar property at 39 Mcmaster Street, estimated at $813,000 on a slightly smaller lot, suggesting a value premium for this property’s larger land parcel. This infers the asking position must be justified by its superior land size and specific location within the school priority areas.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Scullin presents a market in transition, with recent price trends reflecting a period of softening. Current demand appears anchored by owner-occupiers, with a notable portion of households carrying mortgages, suggesting established residential appeal. The market is characterised by very low vacancy rates, indicating solid underlying rental demand, particularly for units which offer higher yields. Future growth will likely depend on broader economic factors, with the key near-term constraint being the recent negative capital growth trajectory and relatively low sales volume, pointing to a cautious and limited market.

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

772m²

Built

Recent Assessments