6/29-31 Morton Street, Queanbeyan NSW 2620
6/29-31 Morton Street, Queanbeyan NSW 2620
3-bed townhouse, 108sqm living, 175sqm block | 65% owner-occupied complex, low strata | 5G, no overlays, within 1.4km of two schools | 114 days on market, auction 23 May
This townhouse sits in a stable owner-dominated complex of 14, which typically signals better-maintained common areas and fewer rental management issues. The 108sqm internal footprint is generous for a three-bedroom unit, and the absence of bushfire, flood, or heritage overlays removes two common friction points for lenders and insurers. With Queanbeyan High School at 0.7km and the public school at 1.4km, this property serves buyers prioritising school catchment access without paying the Canberra premium. The 70% local auction clearance rate suggests reasonable depth in this market segment, though the 114-day marketing period indicates price discovery has been slow.
The 2015 last sale without price data creates a valuation gap that works against confident bidding,you lack a recent local comparable. Strata at $812 per quarter is moderate but must be verified for any upcoming special levies, particularly in a complex of this age. The rental estimate of $685 per week against a $637,000 valuation yields roughly 5.6% gross, which is solid for the region but assumes no major vacancy. Hold this property as a long-term residential investment in a catchment-strong location, or occupy it to capture the schooling advantage directly.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/29-31 Morton Street, Queanbeyan NSW 2620
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Queanbeyan presents a stable, well-connected market offering diverse housing options, attracting a broad buyer base from families to investors. Recent conditions show a softening trend across both houses and units, indicating sensitivity to broader economic factors. Its established infrastructure and proximity to Canberra provide a solid foundation, though current affordability pressures and recent price adjustments represent key considerations for prospective buyers.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
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