40 Tarrabool Street, Amaroo ACT 2914
40 Tarrabool Street, Amaroo ACT 2914
Stable block | 2001 build with 4-star energy | rental upside near $845/week | low turnover risk from long ownership
This property carries low depreciation risk given its 2001 construction with a 4 EER, which keeps holding costs predictable for a buyer. The land-to-building ratio at 33% coverage on 635 sqm offers future extension optionality without immediate capital outlay on a rebuild. The unimproved value of $621,000 against a $1.18m valuation suggests land accounts for roughly half the price, insulating downside more than houses with a higher improvement share. For an owner-occupier this is a hold-class suburban house.
What makes this competitive is the combination of a double garage with internal access, ducted reverse-cycle heating and cooling, and solar panels on a single-level layout that suits downsizers or families wanting minimal future maintenance. The priority enrolment for Amaroo School within 1.1 km and proximity to Yerrabi Pond add lifestyle liquidity that holds resale with families over a 5β7 year horizon. This property serves best a buyer who values quiet suburban use with room to improve, not a flip.
The four prior sales from 2001 to 2011 show consistent price growth from $94,500 to $585,000, averaging roughly 18% per annum over that decade with no turnover since, which implies the current owner has extracted full value from the cycle and the next buyer will need a longer hold period to realise comparable gains. For credibility in your offer process, this history supports a below-ask negotiation starting point.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Amaroo offers established family appeal within Gungahlin, attracting active buyers amid a competitive Canberra market. Demand is driven by strong buyer turnout, though record spring listings signal a potential shift. House prices show steady growth, while the unit market demonstrates notably stronger recent momentum, supported by solid rental yields. The primary risk is increased supply potentially easing competition, transitioning conditions toward buyers.