51/41 Philip Hodgins Street, Wright ACT 2611
51/41 Philip Hodgins Street, Wright ACT 2611
3-bed townhouse | north-facing living | two courtyards | family-oriented layout | 2015 build
This townhouse holds a clear competitive edge in Wright’s modern stock: the ground-floor master bedroom, separate upstairs retreat, and two private courtyards create a genuinely family-friendly configuration that most comparable units in the complex lack. At 123 m², it sits on the larger end of the townhouse spectrum, and the north-facing living aspect delivers practical winter comfort and natural light—features that consistently resonate with owner-occupiers. The internal-access garage, ducted reverse-cycle air conditioning, and double-glazed windows round out a package that suits young families or downsizers seeking low-maintenance living without compromising on space. Within a masterplanned suburb built around parks, schools, and recreation, this property should hold strong appeal for buyers prioritising lifestyle and practical layout over prestige.
The 2015 build means finishes are modern but not new, so presentation and condition will matter when forming a price view. The complex’s shared gardens and BBQ facilities imply strata-style obligations, which may factor into ongoing costs and management expectations. The bushfire management planning control attached to the block could influence future renovation approvals, though it does not diminish current livability. Rental demand appears solid given the family-oriented format and proximity to amenities, which may support investor interest. The single-car garage might limit appeal for households with two vehicles, and the multi-dwelling setting offers less privacy than detached housing—both worth weighing against the convenience and security the complex provides.
|| Comparable Sales: 45/41 Philip Hodgins Street, Wright sold 04/06/2025 for $734,000; Unit 131 sold for $519,000 | Property Price Band: $700,000–$800,000 | Value Drivers: layout configuration, north-facing aspect, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 51/41 Philip Hodgins Street, Wright ACT 2611
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Wright is a compact Canberra suburb where the typical resident is a 33-year-old professional in a couple-with-children household. That profile underpins demand for family housing, though the market is bifurcated: houses trade around $1.21–$1.24 million while units sit at $525,000. House price signals are conflicting—Your Investment Property Magazine shows -10.04% annual growth, Allhomes +2.4%—suggesting an uncertain read. Units offer a firmer picture: 2.94% growth and a 5.73% gross yield, versus 4.12% for houses. Sales volume is modest, 27 houses and 89 units in 12 months, with houses taking 83 days to sell and units 56. Owner-occupancy fell from 76.8% to 67.2% between 2016 and 2021, a sign of shifting composition. Affordability is the main constraint, particularly for houses.
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PropCred Estimated Value
Comparable Sales: 45/41 Philip Hodgins Street, Wright sold 04/06/2025 for $734,000; Unit 131 sold for $519,000 | Property Price Band: $700,000–$800,000 | Value Drivers: layout configuration, north-facing aspect, condition and presentation
Bedrooms
3
Bathroom
2
Parking
1
Land
1.79 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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