43 Mccormack Street, Curtin ACT 2605
43 Mccormack Street, Curtin ACT 2605
3-bed family home | Curtin school zone | 832m² land | auction 23 May
This property offers a rare combination of a generous 832m² block with only 17% site coverage, leaving substantial room for future expansion or redevelopment in a tightly held Curtin street where 90% of neighbours are owner-occupiers. The existing three-bedroom layout with upstairs bedrooms and leafy outlooks suits a family wanting immediate space while holding land with long-term upside; the priority enrolment at Curtin Primary School within walking distance and the absence of overlays simplify planning for any future changes. The buyer who acts here is buying scarcity of land in a stable, low-turnover pocket where 3-bedroom houses have a median of $1.3 million and a 50% auction clearance rate.
The main risk is the property’s renovation potential is not yet realised – the downstairs areas need work, and the building area at 138m² is modest for the block, meaning the buyer must budget for improvements to unlock full value. Solar panels and split-system air conditioning are present but not premium; the NBN is Fibre to the Node, not a prime driver but adequate. The 2022 purchase price of $1,560,000 provides a clear reference point, and current estimates sit slightly above that, so the buyer should treat the auction as a chance to secure at or near that level with a disciplined bid. Hold for five to ten years, renovate progressively, and the land component will do the heavy lifting.
Detailed Independent Property Report prepared by PropCred Analyst team for 43 Mccormack Street, Curtin ACT 2605
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Curtin is an established, family-oriented suburb where demand is driven by professionals and local buyers seeking quality freestanding homes, supported by strong local amenities and schools. The market shows divergent trends, with house values demonstrating resilience while the unit segment faces significant price pressure. Future growth is underpinned by limited new supply and sustained demand, though affordability constraints and sensitivity to interest rate movements present key risks to momentum.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
832m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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